GDP Data To Show Economy Racing, Realities Less Rosy
by The Daily Eye Team February 9 2016, 3:50 pm Estimated Reading Time: 0 mins, 27 secsIndia will release data on Monday showing it remains one of the fastest growing economies in the world, but economists are struggling to reconcile that rosy picture with ground realities like weak exports, investment, and flat corporate order books. The median estimate from a Reuters poll of economists put GDP annual growth at 7.3 percent in the quarter through December, just below 7.4 percent in July-September.
If the data comes in line with expectations, it would be faster than 6.8 percent growth posted by China in the same quarter.