GDP growth seen slowing to 6.7% in third quarter
Financial Express Mumbai|February 28, 2024
THE ECONOMY FEI LIKELY grew at a three-quarter low of 6.7% in Q3FY24, compared with 7.6% in the previous quarter, mainly due to fading away of the low base effect that had supported growth in H1, an FE poll of 20 economists showed.

In H1, the country's GDP had grown 7.7%. The GDP projections in the poll ranged from 6% to 7.3%, with the median ratebeing 6.65%. The National Statistical Office (NSO) will release the December quarter's national income data on Thursday.

The Reserve Bank of India's (RBI) 'nowcast' model has projected the Q3 growth at 7%.

At 6.7%, the GDP in absolute terms will grow 2.8% from the previous quarter. This is lower than the average 4.5% growth recorded between Q3 and Q2 in the past 12 financial years.

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