India Q4 GDP LIVE | Growth numbers to be released shortly; fiscal deficit at Rs 74,846 crore in April

India Q4 GDP LIVE | Growth numbers to be released shortly; fiscal deficit at Rs 74,846 crore in April

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May 31, 2022 / 05:08 PM IST



India Q4 GDP Growth LIVE Updates | The Centre is targeting a fiscal deficit of Rs 16.61 lakh crore for FY23, which the budget estimated will amount to 6.4 percent of the Gross Domestic Product.





India Q4 GDP LIVE | The Centre will announce the GDP growth rate for the fourth quarter of financial year 2021-22, as well for the entire fiscal, today. The numbers are being released amid soaring the soaring inflation, which has compelled the Reserve Bank of India to slash the key lending rates by 40 basis points.

Asia's third-largest economy probably grew 4.0% in the January-March

quarter from a year earlier, a Reuters poll showed last week. That would be the slowest pace in a year, following 5.4% growth in the previous quarter.

Forecasts for the data, due at 1200 GMT on Tuesday, ranged from 2.8% to 5.5% in the May 23-26 survey of 46 economists.

The economy's near-term prospects have been darkened by a spike in retail inflation, which hit an eight-year high of 7.8% in April. The surge in energy and commodity prices following the Ukraine crisis is also exerting a drag on economic