Q4 GDP slows sharply on limited fiscal support, leaves room for policy easing in March

Summary

India’s real GDP growth slowed sharply in 4Q12 to 4.5% y/y (BBVA: 5.6%, Consensus: 4.9%), down from 5.3% in Q3 and its lowest growth since March 2009, as decelerating services growth and weak agriculture offset a pickup in industrial activity.

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