2015-16 Mid-Year Economic Report Friday Dec 18,2015

The NDA Government on Friday Dec 18,2015 lowered its growth forecast for this fiscal year, citing weak export demand and a deficient monsoon that hurt farm output, but said it will stick to its budget deficit target.

India’s gross domestic product is now estimated to grow 7-7.5 per cent in the year through March 2016 from 8.1-8.5 per cent predicted earlier, the government said in its mid-year economic r ....