The Indian economy is forecast to grow at its slowest in four years in FY18 but is expected to pick up pace in the second half of the year. GDP is seen growing 6.5% in FY18, down from 7.1% last year, according to the first advance estimates released by the statistics office. Gross value added (GVA) growth is forecast at 6.1% against 6.6% last year. The lower growth will raise pressure on finance minister Arun Jaitley ahead of the February 1 budget to take steps to strengthen recovery even as he allocates more funds for key stakeholders ahead of elections next year.

(Economic Times)