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India Likely to Set GDP Estimate Closer to 7% on Spending Boom - Bloomberg

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India Likely to Set GDP Estimate Closer to 7% on Spending Boom

Shoppers at the DLF Promenade mall in New Delhi. — Shoppers at the DLF Promenade mall in New Delhi.
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Before it’s here, it’s on the Bloomberg Terminal

By Ruchi Bhatia

January 4, 2024 at 11:58 PM EST

India’s government is likely to estimate economic growth close to 7% in the current fiscal year, keeping it on track to be the fastest-growing major economy in the world.

The first official estimate for gross domestic product, due to be released on Friday, will probably be set at 6.7%, according to economists surveyed by Bloomberg. The Reserve Bank of India has already raised its projection for the fiscal year ending March 31 to 7%, while Bloomberg Economics is predicting 7.3% growth.

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India Likely to Set GDP Estimate Closer to 7% on Spending Boom

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