India forecasts 2018/19 growth at 7.2 percent

Reuters  |  NEW DELHI 

(Reuters) - The 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 Reserve Bank of India'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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First Published: Mon, January 07 2019. 17:50 IST