A poll of 18 economists by The Wall Street Journal indicates India’s economy expanding by less than 5% between April and June 2013. This would mark the third consecutive quarter of sub-5% growth in the country.
The government will release the GDP data on Friday, August 30, 2013. Currently, the estimates by the economists range from as high as 4.9% and as low as 4.0% with an average of 4.6% growth.
Economist Glenn Levine said, “The instability created by the weak central government continued to weigh on confidence and demand.”
What do you think is causing India’s GDP to remain stagnant? Post your views in the comment section below!