India’s Q3 GDP growth likely moderated to 6.8% from 7.8%, supported by strong service activity and solid urban demand despite a global export slowdown. Consumer demand remained strong, driven by urban dwellers. Forecasts for the data range from 5.6% to 7.4%. Domestic demand is the key economic driver, while external demand remains weak. India’s GDP growth is forecast to average 6.4% this fiscal year and 6.3% the following year, driven by higher government capital expenditure.
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