By Manoj Kumar
By Manoj Kumar
NEW DELHI, Feb 28 (Reuters) – India’s economic system expanded by 4.7% within the December quarter in contrast with the identical interval a 12 months earlier, the slowest tempo in additional than six years, and analysts see the worldwide affect of the coronavirus additional stifling progress in Asia’s third-largest economic system.
The gross home product knowledge INGDPQ=ECI launched on Friday confirmed shopper demand, personal funding and exports all struggling, whereas larger authorities spending and an enchancment in rural demand lent assist.
The read-out for the ultimate quarter of 2019 matched the forecast of analysts in a Reuters ballot, however was beneath a revised – and enormously elevated – 5.1% progress fee for the earlier quarter.
The annual GDP INGDPQ=ECI determine for the September quarter was ramped up from an earlier estimate of 4.5%, whereas the April-June studying was equally lifted to five.6% from 5.0%, knowledge launched by the Ministry of Statistics confirmed on Friday.
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