Govt estimates say GDP growth will slow down to 6.5% in FY18

The government's Central Statistics Office on Friday said the Indian economy will grow at a slower pace of 6.5% in the current fiscal, as against 7.1% last fiscal. Growth in Gross Value Added (GVA) terms is estimated at 6.1% this fiscal. The economy recovered in the September quarter, after a three-year low of 5.7% GDP growth in the June quarter.