The Finance Ministry in its monthly economic review on Friday retained its growth forecast for the Indian economy at 6.5 per cent for the current financial year. But it also outlined risks from steadily climbing crude oil prices, the impact of the monsoon deficit in August on kharif and rabi crops, and a stock market correction in line with global markets,
Improved corporate profitability, private capital formation, bank credit growth and construction sector activity are the “bright spots”, it said.
This story is subscriber only!
Now subscribe at a special Republic Day offer of Rs 75/month.
Subscribe Now
Already a subscriber? Sign in