India's economic growth likely slowed further to 4.6% in Oct-Dec

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India's economic growth likely slowed further in the October-December quarter amid weakening demand and is set to lose more momentum as a series of interest rate hikes weigh on activity, according to a Reuters poll of economists.

Gross domestic product growth in the last quarter slipped to an annual 4.6%, according to the median forecast of 42 economists in the Feb. 10-24 survey.

The economy had expanded 13.5% in April-June -- boosted largely because of pandemic-related statisticalThe monthly survey also showed growth in Asia's third-largest economy was expected to slow further to 4.4% in the current quarter, and across 2023/24 would average 6.0%, lower than the 6.5% official governmentForecasts for the October-December data, due on Feb. 28, ranged widely, from 4.0% to 5.8%.

 

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