India may average 7.2% growth this fiscal despite H2 slowdown, economist says

India's economic growth is projected to decelerate below 7 percent in the second half of the fiscal year, though the full-year average is likely to reach around 7.2 percent, according to economist Madan Sabnavis.

Despite the near-term moderation, Sabnavis indicated that the economy has the potential to achieve 8 percent growth in coming years. Global uncertainties and the impact on local consumption patterns are cited as key factors shaping the current economic outlook.