India to Grow Faster Than Estimated Ahead of National Polls

GDP to expand 6.6% in 2017-18 vs 6.5% median estimate
October-December GDP grew 7.2%, stronger than 7% estimate

Bloomberg’s Enda Curran reports on the performance of India’s economy.(Source: Bloomberg)

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By Vrishti Beniwal

February 28, 2018 at 12:16 PM UTC

Updated on

February 28, 2018 at 12:50 PM UTC

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India sees its economy growing faster-than-estimated, providing some relief to the government of Prime Minister Narendra Modi ahead of national polls next year.

Gross domestic product will grow 6.6 percent in the year through March 2018, the Statistics Ministry said in a statement in New Delhi on Wednesday, increasing its Jan. 5 estimate of 6.5 percent. That also beats the 6.5 percent consensus estimate in a Bloomberg survey but is slower than the 7.1 percent expansion in the previous year.