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Economy likely grew at 4.7% in Dec quarter: Reuters Poll

Feb 27, 2020 13:13 IST

India's annual GDP growth likely rose to 4.7% in the December quarter of 2019 from 4.5% in the previous quarter, when the growth rate appears to have bottomed out, a Reuters poll found. A modest recovery in the agriculture sector, coupled with a normalisation in weather conditions, amid elevated government spending likely pushed growth higher, the report said. It also said the momentum could be hurt by high retail inflation, which rose to 7.59% in January, potentially constraining consumption and demand.

Economy