India’s Central Bank Lowers Growth Forecast to 6.7%

Published: 5/10/2017
India’s Central Bank Lowers Growth Forecast to 6.7%
Source: WWW.LAHT.COM

The Reserve Bank of India lowered on Wednesday its GDP growth projection to 6.7 percent from the earlier 7.3 percent, and kept the key interest rate unchanged at 6 percent for the current fiscal year that runs from April 2017 to March 2018, owing partly to the implementation of the new goods and services tax in July.

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