India growth likely to slow on price pressures

Gross domestic product is estimated to have risen 6.2% in the three months to September from a year ago, a Bloomberg poll shows, cooling from the 13.51% growth reported in the previous quarter.

NEW DELHI: India’s economy probably expanded at a slower pace over the last quarter as price pressures, rising interest rates and sluggish trade tempered demand in Asia’s third-largest economy.

Gross domestic product (GDP) is estimated to have risen 6.2% in the three months to September from a year ago, according to a Bloomberg survey of economists, cooling from the 13.51% growth reported in the previous quarter.