GDP Data To Show Economy Racing Realities Less Rosy
India will release data on Monday showing it remains one of the fastest growing economies in the world, but economists are struggling to reconcile that rosy picture with ground realities like weak exports, investment, and flat corporate order books. The median estimate from a Reuters poll of economists put GDP annual growth at 7.3 per cent in the quarter through December, just below 7.4 per cent in July-September. If the data comes in line with expectations, it would be faster than 6.8 per cent growth posted by China in the same quarter. However, very few economists are ready to take the official data at face value, reckoning that it overestimates the pace of expansion in Asia’s third-largest economy.