India Q3 GDP Data Live: In the three months to December, gross domestic product likely expanded by 6.3% from a year earlier, according to a Reuters’ poll. But that would still be lower than the central bank’s estimate of 6.8%.
Asia’s third-largest economy saw a sharp slowdown in the July to September quarter, with GDP growth slipping to 5.4%, the slowest pace in seven quarters. Economists blamed the slowdown on weak urban demand and a delay in government spending due to national elections last year.
In the three months to December, gross domestic product likely expanded by 6.3% from a year earlier, according to a Reuters’ poll. But that would still be lower than the central bank’s estimate of 6.8%.
Economic activity, as measured by gross value added (GVA) which is seen as a more stable measure of growth, is estimated to have expanded 6.2% year-on-year in October-December as compared to 5.6% growth in the previous quarter.
The National Statistics Office is due to release GDP figures for October-December on Friday (February 28).
