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India's economy may have grown at slowest in 2 years during March quarter

India's economy may have grown at slowest in 2 years during March quarter

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PM Narendra Modi | Indian economy 2019

SI Reporter 

Gross domestic product data out later on Friday is expected to show the country's economy grew at its slowest pace in at least two years in the March quarter as the coronavirus pandemic weakened already declining consumer demand and private investment. The median forecast from a Reuters poll of economists put annual economic growth at 2.1% in the March quarter, lower than 4.7% in the December quarter.

Forecasts ranged between +4.5% and -1.5%. Prime Minister Narendra Modi has maintained the lockdown ordered on March 25 to curb the spread of Covid-19 ...

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First Published: Fri, May 29 2020. 12:47 IST