India’s July-Sept GDP growth seen around 5 pct y/y: Govt sources

India's economic growth probably slowed to around 5 percent in the three months to September...

By: Reuters | New Delhi | Published: November 25, 2014 12:28 pm
India's economic growth probably slowed to around 5 percent in the three months to September. (Reuters) India’s economic growth probably slowed to around 5 percent in the three months to September. (Reuters)

India’s economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter, two government sources said, putting pressure on the central bank to soften interest rates.

Official GDP data for the second quarter of the current fiscal year ending March are due to for release this Friday.

“Economic growth for the second quarter is expected to be around 5 percent, mainly due to a decline in farm and industrial output growth,” a senior government source, who declined to be named, told Reuters on Tuesday.

“At the most, I can see the second quarter growth hitting 5.2 percent,” he said.

For all the latest Business News, download Indian Express App

  1. R
    Raj
    Nov 25, 2014 at 7:59 am
    Acchhe din...nothing different from UPA. They will rely in falling inflation due to global fall in commodity prices to stimulate growth as there is no contribution from the Govt.
    (0)(0)
    Reply