According to economists polled by Reuters, Indian economy likely expanded at its slowest pace in more than five years in the April-June quarter, driven by weak investment growth and sluggish demand. While poll median showed the economy is expected to have grown at a year on year pace of 5.7% in the June quarter, a touch slower than 5.8% in the preceding three months, a large minority of about 40% of nearly 65 economists expect an expansion of 5.6% or lower.”
If the forecast is realised, it would be the weakest start in the first three months of a fiscal year in seven years.
The GDP data is due to be released at 1200 GMT on Friday.
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