Indian economic growth set to end five-quarter slide - Reuters poll

A Reuters poll showed on Wednesday, the Indian economic growth is set to end its five straight quarterly declines in the second quarter of FY 2017-18, staging a rebound from the slowest growth seen in three years.

Key Findings:

The Reuters poll of 52 economists over the past week showed gross domestic product growth likely rose to 6.4 percent from a year ago in the July-September quarter, from 5.7 percent in the previous period.

The Reuters poll also showed India’s gross value-added (GVA) growth estimate likely accelerated to 6.2 percent, from 5.6 percent.

According to Shashank Mendiratta, Economist at ANZ, noted: “India’s GDP growth is expected to rebound, albeit at a slower pace, due to supply disruptions stemming from the goods and services tax. However, growth was probably cushioned by festive demand, and an uptick in industrial production.”