An analysis of high-frequency indicators shows that the Indian economy is likely to report a slowdown in the third quarter (October-December) of FY24 due to the slowdown in industrial growth, agricultural production and consumption.
Analysts say the gross domestic product (GDP) figure in the December quarter of FY24 is expected to remain closer to 6.5 percent, marking a sharp deceleration from the 7.6 percent recorded in the second quarter (Q2 ) of this financial year was recorded.
The Reserve Bank of India (RBI) expects growth to reach 6.5 percent in the third quarter. The official GDP data for the third quarter, along with the
First print: February 28, 2024 | 12:37 pm IST