India may average 7.2% growth this fiscal despite H2 slowdown, potential seen at 8%: Madan Sabnavis
Mumbai, Oct. 6 -- India's economic growth is likely to moderate below 7 per cent in the second half of the financial year, but the economy could still grow around 7.2 per cent for the full year, while its longer-term potential remains around 8 per cent, economist Madan Sabnavis said.
Speaking to ANI, Sabnavis said he expects growth of around 7.5-7.6 per cent in the second quarter, following 7.8 per cent growth in the first quarter, before slowing below 7 per cent in the third and fourth quarters. He said the moderation could reflect the impact of the monsoon and a possible slowdown in consumption.
"My sense is that in the second quarter too, we would have a similar kind of number, maybe not 7.8, but something more in the region of aroun...
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