India's economic growth may slip to 4.8%: Ficci

Posted By: Religare
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India's economic growth may slip to 4.8%: Ficci
A Ficci survey has showed that economic growth for the current fiscal may slip to 4.8 per cent from 5 per cent estimated earlier, reported PTI. "Industrial sector has remained weak for the current fiscal owing to persistent weak demand and lackadaisical investments," the Ficci survey said.

It also said factory output is estimated to grow by 1.5 per cent during the fiscal as against the previous projection of 1.7 per cent.

Results of Ficci's latest Economic Outlook Survey point towards continued signs of moderation in economic activity and the results "indicate GDP growth to slow down to 4.8 per cent in the current fiscal, which is marginally lower than the 5 per cent estimate put out in the last survey".

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Read more about: economic growth, ficci, gdp, factory output
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