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 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.