India's 2016/17 growth unlikely to be significantly higher - finmin report

NEW DELHI (Reuters) - India's economic growth in the next financial year starting April is not likely to be significantly greater than the growth in the current fiscal year, the finance ministry said in a report.

The government on Friday lowered its growth forecast for the fiscal year ending in March 2016 to 7-7.5 percent from 8.1-8.5 percent estimated in February.

The revision came after Asia's third-largest economy grew 7.2 percent in the first half of the 2015/16 fiscal year.

(Reporting by Manoj Kumar; Editing by Malini Menon)