Key facts
- India's economic growth likely eased to 7.2% in the January-March quarter.
- Weakening external demand and softer industrial activity are expected to offset strong government spending and resilient agricultural growth.
- Estimates for GDP growth ranged from 6.1% to 7.7%.
- Gross value added (GVA) was estimated to have expanded 7.3%.
- The data is due on Friday, June 5.
- The government updated its national accounts series in February.
India's economic growth is closely watched as it is the world's fastest-growing major economy. However, external factors like trade disputes and geopolitical tensions can impact its trajectory. The government's capital expenditure plays a significant role in driving growth, especially when private investment is subdued. Understanding the quarterly GDP figures provides insight into the health and direction of the Indian economy.