New Delhi: The Indian economy is still expected to grow around 8 percent in the fiscal year to March 2016, said the chief economic adviser at the finance ministry on Tuesday.
Arvind Subramanian`s comments came days after economic growth slowed at a faster-than-expected pace to 7 percent in the quarter to June.
The slowdown has cast doubts on the government`s growth estimate of 8-8.5 percent for the full fiscal year.
Subramanian also said inflation would be a challenge for Asia`s third-largest economy going forward.
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