India’s Economy Likely Grew 4.7% In December Quarter

Indian economic growth likely accelerated a touch in the October-December period after its weakest expansion in over six years in the previous quarter, a Reuters poll showed, with a small rebound in rural demand and private consumption expected.

Annual gross domestic product growth likely rose to 4.7% in the last quarter of 2019 from 4.5% the previous quarter, when the growth rate appears to have bottomed out, a Feb. 18-24 Reuters poll found.

About 90% of economists in the poll forecast growth for the October-December quarter at 5% or below.

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“A modest recovery in the agriculture sector, coupled with a normalisation in weather conditions amid elevated government spending likely pushed growth higher,” noted economists at Barclays in their latest weekly report.

Source: Economic Times

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