India's 2015/16 GDP growth still seen at around 8% : Subramanian
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[NEW DELHI] The Indian economy is still expected to grow around eight per cent in the fiscal year to March 2016, said the chief economic adviser at the finance ministry on Tuesday.
Arvind Subramanian's comments came days after economic growth slowed at a faster-than-expected pace to seven per cent in the quarter to June.
The slowdown has cast doubts on the government's growth estimate of 8-8.5 per cent for the full fiscal year.
Mr Subramanian also said inflation would be a challenge for Asia's third-largest economy going forward.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
