India’s economic growth has decelerated to 5.7% in the quarter ended June. Gross domestic product (GDP) will grow 6.4% in the July-to-September quarter, according to the median estimate of 46 economists polled by Bloomberg. Even the most pessimistic forecasts are for growth to rebound. Rabobank, which had correctly predicted the June quarter’s 5.7% number, has forecast GDP will expand 5.9% for the three months ended September. The GDP numbers will also provide some pointers to important sub-sectors of the economy.

Source: Mint November 30, 2017 02:48 UTC