Mumbai: India's economic growth is likely to moderate below 7 per cent in the second half of the financial year, but the economy could still grow around 7.2 per cent for the full year, while its longer-term potential remains around 8 per cent, economist Madan Sabnavis said.
Speaking to ANI, Sabnavis said he expects growth of around 7.5-7.6 per cent in the second quarter, following 7.8 per cent growth in the first quarter, before slowing below 7 per cent in the third and fourth quarters. He said the moderation could reflect the impact of the monsoon and a possible slowdown in consumption.
