January 6, 2017 / 12:15 PM / a year ago

India forecasts 2016/17 growth at 7.1 pct

NEW DELHI, Jan 6 (Reuters) - The Indian government said on Friday 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, which they reckon would linger for one more year. (Reporting by Rajesh Kumar Singh; Editing by Malini Menon)

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