India now expected to have 6.2% GDP growth for 2015

Analysts now expect India to grow 6.2 percent next fiscal year, a slight downgrade from the October survey’s forecast of 6.4 percent, but it would still be the first time that growth has exceeded 6.0 percent since FY 2011/2012.

The poll also showed that the economy will grow 5.5 percent the current fiscal year ending in March, unchanged from the previous poll result.

India suffered its slowest phase of economic growth for a quarter century during the previous two years when it clocked consecutive growth rates of sub-5 percent. The economy is still growing far too slowly to generate enough jobs for the increasing number of people entering the labour force.

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