Key Points
India likely grew 6.6% in the third quarter this fiscal year, according to the median of estimates in an ET poll of 15 economists, decelerating from 7.6% in the preceding three months..
"The agricultural sector is expected to experience a pronounced slowdown due to diminished rainfall activity and subsequent declines in reservoir levels," said Rajani Sinha, chief economist at CareEdge..
"After a lower-than-projected kharif output, rabi sowing has exhibited a sluggish trend through most of the season, except for an uptick in the last couple of weeks," Sinha said.. Growth is expected to slow further in the fourth quarter as the tight monetary policy starts to weigh on economic activity...
"We expect a relative slowing of the economy in the second half of the year due to passthrough of the previous monetary policy actions," said Indranil Pan, chief economist at Yes Bank. "However, it will remain strong despite the likely slowdown in the rest of the world - benefiting from the lower trade gap on the expenditure side.". Outlook..
"While core inflation is likely to remain in the comfort zone, we expect it to start inching up in the second half of the next fiscal year as growth momentum gathers pace in the domestic and global economy," said Sinha...
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