Mid-year economic survey: Downside risks to growth, inflation to undershoot, says govt

New Delhi: There are downside risks to the Indian government`s growth forecast of 6.75-7.5 percent for the fiscal year to March 2018, the finance ministry said in its mid-year economic survey on Friday.

The survey, authored by Chief Economic Adviser Arvind Subramanian, also said inflation was expected to remain below the central bank`s 4 percent target through to the end of the fiscal year and described scope for monetary easing as "considerable", TV channels reported.