India forecasts 2019/20 GDP growth rate at 5%

The Indian government said on Tuesday it expects the economy to grow at 5.0% in the fiscal year ending in March, lower than 6.8 % recorded a year earlier.

Most private economists have lowered India's growth forecast to around 5% for the 2019/20 fiscal year, after the central bank cut its growth estimate to 5.0% last month, citing weakening demand and a slowdown in global economic activity.