India’s economic growth likely accelerated to 6.6 percent in the quarter just ended, but analysts polled by Reuters are sounding increasingly worried that confusion over a new goods and services tax will dampen activity in coming months. The forecast, from a survey of over 40 economists taken over the past week, compares with growth of 6.1 percent in the first three months of the year, the slowest pace in two years. The range of forecasts was wide from 5.7 percent to 7.2 percent. It would leave Asia’s third-largest economy behind China, which last reported growth ...
India destined to 6.6% GDP growth but GST dampens outlook: Reuters poll
The range of forecasts was wide from 5.7 percent to 7.2 percent
Reuter Last Updated at August 28, 2017 13:37 IST