India Q4 GDP: Omicron curbs may have slowed down growth before Ukraine war

In the January-March quarter, the economy likely expanded 3.9%, according to the survey, a performance that will mark the low point of the year

India’s economy probably grew slower than previously estimated last year, with virus curbs in the final quarter seen as a drag on activity while the war in Europe has added a new inflation hurdle to recovery.

Data due Tuesday is likely to show gross domestic product in the year to March 2022 grew 8.7 per cent from a year ago, according to the median estimate in a Bloomberg survey. That’s slower than the 8.9 per cent expansion projected by the Statistics Ministry three months ago.

In the January-March quarter, the economy likely expanded 3.9 per cent, according to the survey,