January 7, 2019 / 12:09 PM / in 5 months

India forecasts 2018/19 growth at 7.2 pct y/y - govt

NEW DELHI, Jan 7 (Reuters) - The Indian government said on Monday it expects the economy to grow at 7.2 percent in the fiscal year ending in March, up from 6.7 percent a year earlier.

Most private economists have already lowered India’s growth forecast to around 7 percent for the 2018/19 fiscal year, compared with the central bank’s earlier estimate of 7.4 percent, citing weakening consumption and slowdown in credit offtake. (Reporting by Manoj Kumar; Editing by Subhranshu Sahu)

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