January 5, 2018 / 12:10 PM / 6 months ago

India forecasts 2017/18 growth at 6.5 pct y/y - govt

NEW DELHI, Jan 5 (Reuters) - The Indian government on Friday said it expects economic growth to slow down to 6.5 percent in the fiscal year ending in March from 7.1 percent a year earlier.

Most private economists have pared India’s growth forecast to 6.2 to 6.5 percent for the 2017/18 fiscal year, citing the impact of the chaotic launch of Goods and Services Tax in July on business activities. (Reporting by Manoj Kumar; Editing by Malini Menon)

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