RBI Lowers GDP Growth Forecast For Current Financial Year To 6.1% ndtv.com

The Reserve Bank of India lowered India's economic growth projection for the current financial year to 6.1 per cent from 6.9 per cent projected in the August monetary policy.
"Various high frequency indicators suggest that domestic demand conditions have remained weak. The business expectations index of the Reserve Bank's industrial outlook survey shows muted expansion in demand conditions in Q3. Export prospects have been impacted by slowing global growth and continuing trade tensions," the Reserve Bank of India said in its policy document.

The Reserve Bank of India's cut in GDP growth forecast comes at a time when the country's growth logged slowest pace of growth in six years of 5 per cent in the first quarter of current financial year and unemployment rose to highest level in 45 years.