NEW DELHI, Jan 31 (Reuters) - India on Tuesday forecast
its economy will grow 6% to 6.8% in the next financial year
starting April 1, down from 7% projected for the current year,
as a global slowdown is likely to hurt its exports.
At that pace, India's economic growth next fiscal year will
still be the fastest among major economies.
The government's annual Economic Survey report said its
baseline scenario for growth for 2023/24 was 6.5%, with nominal
growth, which accounts for inflation, forecast at 11%.
The survey, tabled by Finance Minister Nirmala Sitharaman in
parliament ahead of the annual budget on Wednesday, is mainly
the government's review of how the economy fared in the past
year.
(Reporting by Subham Batra, Nikunj Ohri and Aftab Ahmed;
Editing by Krishna N. Das)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.