Growth fears

All eyes will be on the Central Statistical Office (CSO) when it releases the fourth quarter (January-March) as well as the full year (April-March) gross domestic product growth figures for 2011-12 on 31 May. The data will not only show how the economy fared in the last fiscal, but will also offer an indication of where it is headed in the current year. Most analysts expect fourth quarter growth of around 6%, a tad lower than the 6.1% registered in the preceding three months. For the full year, analysts expect economic growth to be revised to around 6.7% from the advance estimate of 6.9% by CSO. The data will also be closely watched by the Reserve Bank of India ahead of its mid-quarter monetary policy review on 18 June.

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