India's GDP growth seen at 6.7-7.2% in 3rd qtr

摘要

The Indian economy is likely to have grown at a slower pace of 6.7-7.2% in the third quarter of FY19, independent economists said. The moderation is in line with an expected slowdown in the second half of the financial year. The economy had grown 7.1% in the second quarter and 8.2% in the first quarter, logging 7.6% for the first half. The first advance estimates of gross domestic product (GDP) released earlier this month showed the economy is likely to expand 7.2% in FY19. The Reserve Bank of India expects FY19 growth at 7.4%. Comparatively, China's economy grew 6.4% in the October- December quarter. The slowdown in Q3 is on account of the base effect of higher growth last year and liquidity constraints.