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Q2 GDP growth likely hit over six-year low
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Q2 GDP growth likely hit over six-year low
Nov 29, 2019 3:53 AM

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.

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

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

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

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