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India's economic growth expected to be less than 8.75% in FY12

The government is likely to revise down its economic growth forecast for the current fiscal year from around 9%, a senior government adviser had said last week.

India's economic growth expected to be less than 8.75% in FY12

India's economic growth in the current fiscal year to March 2012 is expected to be less than 8.75%, R Gopalan, secretary economic affairs, told reporters on Tuesday.  The economy had expanded 8.5% in 2010-11, below a government forecast of 8.6%.

The government is likely to revise down its economic growth forecast for the current fiscal year from around 9%, a senior government adviser had said last week.                                         

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