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India's annual GDP growth to slow in September quarter as COVID effects fade

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Author: Aftab Ahmed

NEW DELHI (Reuters) – India’s economy’s annual growth likely slowed in the July-September quarter as COVID distortions recede, economists said, ahead of GDP data due on Wednesday, which will Provides clues about its resilience in the face of global economic turmoil.

Asia’s third-largest economy is expected to post an annual growth rate of 6.2% in the three months to September , according to a Reuters poll, down from the explosive growth of . Inflated from weak activity during COVID-

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GDP data will shed light on the health of the economy as pandemic-related disruptions ease and the government ramps up spending, hopefully private spending and investment economists said. 282

Chart: India’s Growth Story – https://inew.news/wp-content/uploads/2022/11/localimages/chart.png6386a4ff63ccb.png 200

However, Ghosh said annual GDP growth for this period may be slightly below the consensus estimate of above 6% because of corporate profit margins and Industrial revenues are falling and output grew at an average annual rate of just 1.5 percent last quarter, the weakest in two years.

Ministry of Statistics and Planning and Implementation of India will announce at GDP data GMT Wednesday.

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