India’s GDP growth likely slowed in Q1 ’24 – poll

India’s economic growth is expected to have slowed in the first quarter of 2024, with GDP growth estimated at 6.7 per cent, down from 8.4 per cent in the previous quarter, according to a Reuters poll of economists on Monday.

Analysts forecast a 6.88 per cent growth rate for this fiscal year and 6.68 per cent for the next. Sustaining high growth remains a challenge, with focus on job creation and government reform commitments.

Notably, there’s a growing gap between official estimates and those from private economists. This raises questions about the accuracy of India’s GDP measurement methods, particularly regarding the informal sector.