Expert views: India's economy grows 7.3 pct y/y in Oct-Dec quarter

MUMBAI (Reuters) - India said its economy grew 7.3 percent in the October-December quarter from a year earlier, in line with expectations, and forecast that gross domestic product would expand an annualised 7.6 percent in the fiscal year ending in March.

The latest full-year estimate compares with a revised 7.2 percent growth a year earlier.

COMMENTARY

SHUBHADA RAO, CHIEF ECONOMIST, YES BANK, MUMBAI

"The third-quarter data has surprised on the upside as high frequency indicators such as PMI, some segments in the services sector, and core industrial output (had) pointed to a loss in momentum.

"Therefore, the data looks difficult to correlate. Likewise, a contraction in agriculture was a negative surprise because the kharif output did not indicate it."

 

(Reporting by Neha Dasgupta and Manoj Rawal; Compiled by Rafael Nam)