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According to a latest round of Ficci's Economic Outlook Survey, Indian economy will grow 6.8 percent this fiscal due to a slowdown in the services and infrastructure sectors post demonetization. Significantly, the annual median GDP growth forecast of 6.8 per cent is sharply lower than the 7.3 per cent projected in the previous round of the survey.
As per reports, the survey was conducted in the months of December 2016/ January 2017 and drew responses from leading economists representing industry, banking and financial services sector. The Central Statistical Organisation had estimated a GDP growth of 7.1 per cent for 2016-17 earlier in January.