India's first quarter GDP growth likely to be weakest since 2012: Poll
The poll of 52 economists, taken May 20-25, indicated India's economy grew at 2.1 per cent in the March quarter from a year ago, its weakest.
India economy | India growth
India's economy is likely to have expanded at its slowest pace in at least eight years in the January-March quarter, partly as a result of the coronavirus clampdown.
Asia's third-largest economy began slowing last year, but a countrywide lockdown implemented by Prime Minister Narendra Modi on March 25 halted economic activity completely, the Reuters reported. "Activity in January and February was strong, but the slowdown in March is likely to have largely offset those gains," Aayushi Chaudhary, an economist at HSBC in Mumbai, said. The poll of 52 economists, ...
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First Published: Tue, May 26 2020. 11:50 IST