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Experts' take on India's FY17 GDP growth forecasts

Government said economic growth would slow down to 7.1% in FY17

Reuters  |  Mumbai 

The Indian government said economic growth would slow down to 7.1 per cent in the fiscal year ending in March from 7.6 per cent a year earlier. Most private economists have pared India's growth forecast to 6.3-6.4 per cent for the FY17, citing the impact of the government's scrapping of high-value bank notes last November. Here are the reactions of some experts: DHARMAKIRTI JOSHI, CHIEF ECONOMIST, CRISIL "With this kind of growth, I think, the central bank might hold off on rate cuts. "As far as the impact (of demonetisation) is concerned, we are, ...

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First Published: Fri, January 06 2017. 18:59 IST