India’s GDP growth to slip below 7% this fiscal, say experts

The Central Statistics Office (CSO) is scheduled to release its advance estimates of national income 2017-18 on Friday.
India’s economic growth is likely to be below 7 per cent this fiscal, say experts, citing GST disruption and lingering impact of note ban.
The Indian economy grew 7.1 per cent in 2016-17, against 8 per cent in 2015-16.
The Central Statistics Office (CSO) is scheduled to release its advance estimates of national income 2017-18 on Friday.
“It is difficult for GDP to cross 7 per cent this fiscal unless the base is revised downwards. The economy is expected to do well in the third and fourth quarter,” SBI Research Chief Economist Soumya Kanti Ghosh told PTI.
Ghosh said the GDP growth would be 6.5 per cent on unchanged base last year.