GDP growth at 5% under old series; analysts cut FY18 estimates
Bank of America Merill Lynch (BofAML) said the GDP growth is "about 5 per cent", which is much below the 7 per cent potential under the old series of computation. It also cut its GVA growth forecast to 6.9 per cent from the earlier 7.2 per cent.
Sep 01, 2017, 17:59 PM IST