The Indian economy is likely to report a slowdown in the third quarter (October-December) of FY24 owing to deceleration in industrial growth, agricultural output, and consumption, an analysis of high-frequency indicators shows.
Â
Analysts say the gross domestic product (GDP) figure in the December quarter of FY24 is expected to remain closer to 6.5 per cent, registering a sharp slowdown from the 7.6 per cent recorded in the second quarter (Q2) this financial year.Â
Â
The Reserve Bank of India (RBI) expects growth to have been 6.5 per cent in the third quarter. The official GDP data for Q3, along with the
First Published: Feb 28 2024 | 12:37 AM IST