0821 GMT - India's economy is expected to have grown 6.3% on year in the October-December quarter, picking up from the previous quarter's 5.4% expansion, according to the median estimate of nine economists polled by The Wall Street Journal. The September-quarter drop was likely a one-off event, Barclays economists write in a note. Manufacturing output has been rising across sectors, and the end of weather disruptions, higher government spending and October's festive season all likely boosted demand, they say. DBS economists note that revisions to past data will also be released, which could change the growth profile. DBS estimates fiscal 2025 growth to average about 6.5%, and with February inflation expected to edge down toward 4%, the central bank will likely "stay on a calibrated dovish path." The GDP data is due Friday. (kimberley.kao@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 03:21 ET (08:21 GMT)
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