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.
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