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India's GDP growth in Q2 seen improving marginally

The consensus of 40 economists showed gross domestic product expanded 4.6 per cent year-on-year in the last quarter, better than the 4.4 per cent in the previous three months, which was the lowest since the global financial crisis.
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India's GDP growth in Q2 seen improving marginally

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.

The consensus of 40 economists showed gross domestic product expanded 4.6 per cent year-on-year in the last quarter, better than the 4.4 per cent in the previous three months, which was the lowest since the global financial crisis.

However, it would still be a far cry from 8 per cent, which is the growth target according to the government's 12th Plan (2012-17).

The government will release the data on Friday.

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.



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