Economics
India’s Slowing Economic Recovery Faces Fresh Geopolitical Risks
- Recent curbs to stem Covid-19 surge impact economic activity
- Economists downgrade GDP growth outlook to 9.1% from 9.2%
Customers buy vegetables at a wholesale market in Bengaluru, India.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
India’s economy is growing slower than previously forecast after the latest wave of coronavirus cases earlier this year hampered activity and as risks mount from higher prices of commodities amid Russia’s invasion of Ukraine.
Gross domestic product probably expanded 9.1% in the year to March 31, the quickest pace among major economies, according to the median estimate in a Bloomberg survey ahead of official data to be published Monday. That’s slower than the 9.2% expansion seen in both the previous survey and official statistics ministry estimates last month.