The fall in the Indian rupee has made things more complicated for India's policymakers
The Indian Prime Minister's economic advisory panel has lowered the growth outlook for the current financial year.
It now expects the economy to expand by 5.3% this year, down from its earlier projection of 6.4% growth.
The new growth outlook is in line with the projections of the central bank and many other economists.
The panel also warned that containing the fiscal deficit within the budget target of 4.8% of the gross domestic product (GDP) "could be a challenge".
In its latest economic outlook, the panel said that the fiscal deficit during the first four months of the current financial year had already reached 62.8% of the budgetary provision for the full year.
Source: BBC News - Business http://www.bbc.co.uk/news/business-24076691#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
