GDP growth likely to remain subdued at below 5%

Nov 27 2013, 10:43 IST
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SummaryQ2 performance expected to remain dismal like Q1 of 2013-14.

delhi: India’s economic growth likely picked up slightly in the July-September quarter as improved manufacturing activity steered it from a four-year low in the previous three months, a Reuters poll showed on Tuesday.

Any improvement would be welcome news for the government as a string of opinion polls forecast a poor performance for the ruling party in general elections which must be held by next May. Economic growth virtually halved in two years to 5 per cent in the last fiscal year — the lowest level in a decade — and most economists surveyed by Reuters last month expect 2013-14 to be worse. reuters

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