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India forecasts GDP growth to slow to 7.1 pct in 2016/17

Reuters  |  MUMBAI 

MUMBAI (Reuters) - The Indian government said economic growth would slow down to 7.1 percent in the fiscal year ending in March from 7.6 percent a year earlier.Most private economists have pared India's growth forecast to 6.3-6.4 percent for the 2016/17 fiscal year, citing the impact of the government's scrapping of high-value bank notes last November.For story see [nD8N1EA02X]COMMENTSANEESH SRIVASTAVA, CHIEF INVESTMENT OFFICER, IDBI FEDERAL LIFE INSURANCE O "I am very worried with the projected growth rate. The methodology followed excludes demonetisation, but still the projected rate of ...

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First Published: Fri, January 06 2017. 17:55 IST