INSUBCONTINENT EXCLUSIVE:
The RBI has projected a GDP growth of 7.2-7.4% for the first half of the next financial yearIndia's GDP or gross domestic product growth
stood at 6.6 per cent in the quarter ended December 31, 2018, government data showed on Thursday
That marked the slowest rate of GDP expansion recorded since the quarter ended September 2017, and lower than economists' estimate
According to a poll by news agency Reuters, the median forecast from more than 55 economists polled on February 19-25 was for a GDP growth
of 6.9 per cent.The economic growth for the previous quarter (July-September) was revised down to 7.0 per cent from 7.1 per cent, according
in April-June 2018.The growth in GDP during 2018-19 is estimated at 7.0 per cent as compared to the growth rate of 7.2 per cent in 2017-18,
the Ministry of Statistics said in its statement.Economists said the slowdown may lead to another rate cut by the central bank in its April
policy review."I had expected the overall GDP growth for FY19 to get revised downwards, as the farm sector had suffered due to extremely
supported the central bank's dovish turn earlier this month when it cut key interest rates and changed its policy stance to "neutral" to
added.For the next financial year, the RBI has projected GDP growth to be in the range of 7.2-7.4 per cent in the first half, and 7.5 per
cent in the third quarter.(With agency inputs)
