Poll predicts 7.5% GDP growth in July-September quarter

Growth seen picking up from 7.1% in April-June

India's economy probably picked up steam in the July-September quarter on strong demand, but Prime Minister Narendra Modi's surprise currency crackdown this month will likely dent growth in coming months, a Reuters poll found.

While developed economies have wallowed in lacklustre activity, Asia's third-largest economy has maintained a resilient pace of expansion in recent years, eclipsing China.
 

That trend likely continued in the last quarter, according to the median consensus of 35 economists polled over the past week.

They forecast India's nearly $2-trillion economy expanded 7.5 per cent in July-September from the same period a year ago, accelerating from a