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Indian economy likely picked up in Sept quarter before Omicron spread: Poll

Reuters survey of 44 economists projected GDP data will show 8.4% year-on-year growth: the fastest among major economies.

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A snacks vendor wears a face mask as a precaution against Covid-19 and walks in a market area in Jammu on November 27, 2021. (AP Photo/Channi Anand)

Manoj Kumar | Reuters New Delhi
Data was expected to show that India's economic recovery strengthened in the July-September quarter, helped by a pick-up in consumer spending, though the spread of the Omicron coronavirus variant raised fears for the future.

Asia's third-largest economy has been seeing a rebound from last year's deep slump, boosted by rising vaccination rates and a pick-up in government spending.

A Reuters survey of 44 economists projected GDP data - due out at 1200 GMT on Tuesday - will show 8.4% year-on-year growth in the September quarter, the fastest pace among major economies, vs a 7.5% contraction in the same quarter last year.

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