The fundamentals of the Indian economy remain strong but adverse global developments and “negative cross-border spillovers” could be obstacles to the country achieving a high growth path in the current fiscal year, the finance ministry said on Thursday.
Growth momentum seen in the first three months of the year are expected to continue in the three months to the end of June, the ministry said in its monthly economic review.
Read More : Finance Ministry: India Faces Obstacles to High Growth in Current Fiscal Year