Rural recovery, low base to fuel Q2 GDP growth
new delhi, Nov. 26 -- India's economic growth likely stayed strong at 7.2% in the July-September quarter, albeit down from 7.8% in the preceding one, a Mint poll of 15 economists showed. The reasons: Continued rural revival, low base and low inflation.
The economists projected India's September quarter gross domestic product (GDP) growth in the range of 7% to 7.7%. The official data is scheduled to be released on Friday.
The high projected growth number may be partially due to a low base-GDP growth had slowed to 5.6% in the same period last year from 6.5% in the preceding quarter. Besides, retail inflation slowed to 1.7% in Q2 from 2.7% in Q1, and wholesale inflation to 0.02% from 0.26%. This also boosts the real GDP growth figure, which ad...
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