October-December GDP expected to slow to 4.6%

The GDP numbers for the October to December quarter will be released on Tuesday, 28th February.

As per a poll by Reuters, GDP growth is likely to have slowed down to 4.6% in the third quarter of the current financial year.

SBI research also pegs the GDP for Q3 at 4.6% which is higher than the Reserve Bank of India's estimate of 4.4%. The SBI report also says that revisions are likely in the GDP data for FY20, FY21 and FY22.

"There are base effects that are normalizing and pulling down the annual numbers. The support from agriculture might be lower and also manufacturing could be a drag," said Sakshi Gupta, principal economist at HDFC Bank.

In Q1 (April to June) GDP came in at 13.5%, that was largely due to the pandemic related statistical distortions. The following quarter ending September 2022, GDP came in at 6.3%.