Zeebiz.com
New Delhi, Aug 03: India's economy is likely to grow by 6-6.2 percent in the current fiscal, lower than 6.5 percent in 2011-12 which itself was the slowest in nine years, according to a survey of economists and industry leaders.
Continuing slowdown in the industrial growth and its spillover effect on the service sector, deficit monsoon and worsening global environment are expected to drag the GDP (Gross Domestic Product) lower in the fiscal 2012-13, an ASSOCHAM survey of economists and industry leaders indicated.
Indian economy had slowed to 6.5 percent, the nine-year low, in 2011-12, as per the official data.