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September quarter GDP growth may sink to 4.7% on weak demand: Poll

If the latest figure for expansion of gross domestic product is 4.7 per cent or less, the quarter will have registered the slowest expansion in 26 quarters, since 4.3 per cent in January-March 2013

Economists paint a grim picture, lower India's FY20 GDP growth forecast
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Reuters
India's economy probably expanded at its weakest pace in more than six years in the quarter to September, a Reuters poll showed, as consumer demand and private investment weakened further and a global slowdown hit exports.

The median of a poll of economists showed annual growth in gross domestic product of 4.7 per cent  in the quarter, down from 5.0 per cent  in the previous three months and 7 per cent  for the corresponding period of 2018.

Economic growth could dip to around 4 per cent  in the September quarter, two domestic television channels said on Wednesday, citing government sources.

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First Published: Nov 28 2019 | 2:20 PM IST

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