Downward revision of current fiscal growth does not indicate economic slowdown: Garg
"GDP estimates for 2018-19 released today needs to be viewed in correct perspective. Downward revision to 7 per cent from 7.2 per cent in 1st Adv Est is against revision of GDP of 2017-18 from 6.7 per cent to 7.2 per cent.'' said Economic Affairs Secretary Subhash Chandra Garg.
Garg said absolute estimates of GDP for 2018-19 is higher in second Advance Estimates, which was released today, than first Advance Estimates (which was released in January). Reuters