India sees growth picking up in coming fiscal year - Newsrise
- By Reuters |
- Jan 29, 2018
- Last Updated at 12:30 IST
NEW DELHI - India's economy should grow between 7 percent and 7.5 percent in the upcoming fiscal year that begins on April 1, the finance ministry will say in its pre-budget Economic Survey on Monday, financial newswire Newsrise reported citing a source.
The annual survey, set to be presented in Parliament later on Monday, comes ahead of Finance Minister Arun Jaitley's annual budget that is set to be presented on Thursday.
The forecast comes after the government this month lowered its GDP growth forecast for the year ending March 2018 to 6.5 percent, the weakest pace in four years.
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OPINION POLL
With expected growth rate of 7.2%, has economy recovered from the knee jerk reaction of demonetisation and GST?
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