India`s GDP at 7.5 per cent |
India ratings revised downwards to 7.5 per cent the GDP growth forecast, from earlier estimate of 7.7 per cent, for the current financial year because of weak agricultural growth.The downward revision in forecast is primarily due to the lower agricultural growth caused by a deficient rainfall. ,It expects agricultural growth to expand 0.9 per cent this fiscal from 0.2 per cent of FY15.
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