India Growth Exceeds Estimate Before Interest Rate Decision
- GDP rises 7.4% versus 7% in previous quarter; estimate 7.3%
- Central bank seen keeping rates unchanged at Tuesday review
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India’s economy grew faster than estimated before central bank Governor Raghuram Rajan reviews interest rates on Tuesday for a final time this year.
Gross domestic product rose 7.4 percent in July-September from a year earlier, after a 7 percent expansion the previous quarter, the Central Statistics Office said in a statement in New Delhi on Monday. The median of 44 economist estimates in a Bloomberg survey was 7.3 percent. China grew 6.9 percent in the same period, while Russia contracted 4.1 percent and Brazil is forecast to shrink 4.2 percent.