India expects growth of around 7% in the first half of the next financial year, two officials said, painting a rosier picture for the economy than many economists after Prime Minister Narendra Modi’s shock move to abolish large banknotes. Nearly 90% of transactions used to be in cash in India, which was gripped by a severe shortage of currency after Modi's November 8 decision to take Rs 500 and Rs 1,000 notes, out of circulation overnight. Several economists have said the move could drag down growth in FY18 to 6.5%, as small businesses fired workers, consumer demand fell ...