India’s Sept qtr growth seen easing to 8.3 pc

Tuesday, 30 November 2010 00:01 - - {{hitsCtrl.values.hits}}

India’s economy probably grew an annual 8.3 per cent in the September quarter, after expanding at 8.8 per cent -- its strongest pace since the December quarter of 2007 -- in the previous three-month period, the median forecast of 29 economists showed.

Forecasts ranged between 7.2 per cent and 9.0 per cent.

The economy, which had grown more than an annual 8 per cent in the last two quarters, has been riding on robust manufacturing activity and the outlook for farm output has brightened following good monsoon rains.