NEW DELHI: India forecast its economy will expand at the slowest pace since Prime Minister Narendra Modi came to power in 2014, as a chaotic roll out of a new sales tax roiled supply chains and weakened demand.
Gross domestic product will grow 6.5% in the year through March 2018, the Statistics Ministry said in a statement in New Delhi yesterday. That compares with the 6.6 percent median estimate in a Bloomberg survey of 20 economists and 7.1% the previous year.
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