India’s economy likely grew at its slowest pace in more than two years during the final months of 2011 as high interest rates and booming input costs hampered manufacturing activity, a Reuters poll predicted.
Gross domestic product in Asia’s third largest economy grew at an annual 6.4 percent rate in the quarter to end-December, according to the poll of 26 economists. Forecasts ranged from 6.0 to 7.3 percent with a majority of them lying below the consensus.
That would be a significant slowdown from 6.9 percent in the previous quarter and would mark the fourth straight quarter of growth below 8 percent. Only two economists expect growth above the previous reading.