India's economy expands by just 5.4% in the last quarter, well below expectations
India's economy expanded by 5.4% in its second fiscal quarter ending September. Economists had forecast GDP growth of 6.5% for the period, according to a Reuters poll. The Reserve Bank of India had forecast an expansion of 7% for the quarter.
As per Moneycontrol's calculations, a 7 per cent growth in the remaining two quarters will put India’s GDP at 6.5 per cent.
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