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8 days ago
Downside risks to India growth, inflation to undershoot - finmin
August 11, 2017 / 6:56 AM / 8 days ago

Downside risks to India growth, inflation to undershoot - finmin

NEW DELHI, Aug 11 (Reuters) - There are downside risks to the Indian government's growth forecast of 6.75-7.5 percent for the fiscal year to March 2018, the finance ministry said in mid-year economic survey on Friday.

The survey, authored by Chief Economic Adviser Arvind Subramanian, also said inflation was expected to remain below the central bank's 4 percent target through to the end of the fiscal year and described scope for monetary easing as "considerable", TV channels reported. (Reporting by Manoj Kumar; Writing by Douglas Busvine)

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