All eyes on first quarter GDP numbers

August 31, 2012 09:17

Economic growth during the April-June quarter is expected at 5.2 percent and the economy will continue to perform below potential for the entire year, research firm Moody's has said.

"(April-June quarter) GDP figures are expected to show the economy grew by just 5.2 percent year-on-year," Moodys Analytics said in its India Spotlight report.

The first (April-June) quarter GDP numbers are scheduled to be released on Friday.

Moody's said the Indian economy will perform below potential through 2012 as the current slowdown is broad-based and that there is little scope to lift growth from its current path.

The country's GDP growth had slowed to a nine-year low of 5.3 percent in the January-March quarter. For the entire fiscal the growth had dropped to 6.5 percent.

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