[TP] Media poll on India Oct-Dec GDP was @ 4.9% vs 4.83% pvs Qtr. The data is due on Friday (Feb 28) Indias GDP in the fiscal third-quarter (Dec-Oct) may post its best growth in five quarters on improvement in the agricultural sector indicating marginal improvement in economic momentum. We expect a 5% growth in the agricultural sector which will boost the GDP number for the third quarter, said Aditi Nayar, senior economist at ICRA. India economic growth may rise marginally to 4.9% in the fiscal year ending Mar 31 compared to 4.5%, the CSO said earlier this month. However, economists are not optimistic on a sustained recovery in Indias economic growth momentum in the fiscal fourth-quarter and beyond. Indias GDP growth should remain weak, at 5.5% in the fiscal year ending March 2015, as elections due in the next three months will delay reforms needed to revive growth, the research unit of Moodys Investors Service said in a report. The Federal Reserves move to continue with its stimulus tapering move, which will keep the rupee volatile and make the operating environment more challenging for importers and exporters, Moodys said.
Posted on: Wed, 26 Feb 2014 08:22:23 +0000
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