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Economy seen limping behind China as Modi enters second term: Report

Reuters poll forecasts GDP grew 6.3% in January-March quarter; slowest since late 2017

Manoj Kumar | Reuters  |  New Delhi 

India probably lost its spot as the fastest growing major economy to China in the January-March quarter as a chill in domestic and global consumer demand hit manufacturers and service providers. The slowing economy didn't stop voters giving Prime Minister Narendra Modi a landslide victory in an election concluded earlier this month. But it puts an onus on him to deliver reforms that can truly unlock growth, which had waxed and waned during his first five years in office. A Reuters survey of economists forecast growth slipped to 6.3% annually in the three months ending in ...

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First Published: Thu, May 30 2019. 15:42 IST
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