BackGDP data today: Is India growing or slowing?
With growth projections by the govt and Moody's diverging, June quarter GDP numbers will address the question of where the economy is heading
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With economic growth projections by the Indian government and Moody’s Investors Service diverging for the current financial year, growth numbers for the first quarter (April-June) to be released on Monday will partially address the issue of whether the economy is accelerating or slowing.
While Moody’s last week revised its gross domestic product (GDP) growth rate for 2015-16 to 7% from its earlier estimate of 7.5%, the finance ministry has stood by its earlier projection of a minimum 8.1% growth this year.
The economy grew at 7.3% in the year ended 31 March while in the fourth quarter ended 31 March, the growth rate was pegged at 7.5%.
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