News > India's GDP Growth Pegged At 2.7% For Q4 Amid High Inflation

India's GDP Growth Pegged At 2.7% For Q4 Amid High Inflation

Good Returns | 31/05/2022 09:07 AM | Click to read full article

India’s economy probably grew slower than previously estimated last year, with virus curbs in the final quarter seen as a drag on activity while the war in Europe has added a new inflation hurdle to recovery.

Data due today is likely to show gross domestic product in the year to March 2022 grew 8.7% from a year ago. That’s slower than the 8.9% expansion projected by the Statistics Ministry three months ago.