India lowers 2015/16 growth estimate to 7-7.5 per cent: Finance Ministry
18 Dec 2015 1:02 PM IST
The revision came after Asia's third-largest economy grew 7.2 per cent.
Representational Image.
The revision came after Asia's third-largest economy grew 7.2 per cent.
New Delhi:
The government on Friday lowered its growth forecast for the fiscal year ending in March 2016 to 7-7.5 per cent from 8.1-8.5 per cent estimated in February.
The revision came after Asia's third-largest economy grew 7.2 per cent in the first half of the 2015/16 fiscal year.
In its mid-year economic review presented in parliament, the finance ministry said though the economy has made considerable progress, yet challenges remain.
Next Story