Expert Views: Indian economy grows 7.3 pct in July-Sept from year ago

Expert Views: Indian economy grows 7.3 pct in July-Sept from year ago

Last Updated: Wed, Nov 30, 2016 18:02 hrs
Construction workers work on a site of a residential building in Mumbai

MUMBAI (Reuters) - India's economic growth accelerated to a slower-than-expected 7.3 percent in the three months through September from a provisional 7.1 percent expansion in the previous quarter, government data showed on Wednesday.

ANJALI VERMA, ECONOMIST, PHILLIPCAPITAL INDIA

"We have already lowered our number and we are now anticipating 6.8 percent (percent growth) for this year.

"I don't have to alter my numbers much based on today's data because anyway a lot is uncertain for the next two quarters.

"Public spending is good. I was expecting it to be a little lower, so that is impressive. I'm good with the numbers that they have given and I wouldn't alter anything in my projections."

(Reporting by Suvashree Dey Choudhury and Abhirup Roy)



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