India PM Modi may Boost Sluggish Economy

India’s economy probably showed few signs of recovery in the March quarter, but Narendra Modi’s thumping victory in the recent general election has raised hopes of an investment-led turnaround in the coming quarters.

A Reuters poll of 48 economists predicts no clear improvement in Asia’s third-largest economy, which is likely to have grown by 4.8 percent from a year earlier, a tad better than 4.7 percent in the quarter to end-December. The GDP data is due at 1200 GMT on Friday.

If the forecast materializes, it would mark a second straight fiscal year of sub-5 percent growth – the worst slowdown in more than a quarter of a century.

CNBC

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