GDP may slump to 5% in Dec quarter, says HSBC
"We expect GDP to grow 5.0% in the October- December quarter and 6.0% in the January-March quarter, about 2 percentage points lower than we had expected before the demonetisation was announced," HSBC said in a research note.
India's GDP is likely to have grown at a much slower-than-expected pace of 5% in the October-December period and may see a 6% growth in the following quarter. Photo: IANS