Q1 Growth Slowed to 6.7%: Mint Poll

India's economic growth likely moderated to 6.7% in the April-June quarter from a robust 7.4% in the preceding three months as urban demand remained weak, private capital expenditure was muted and industrial activity weakened, according to median estimates of 22 economists in a Mint poll.

- Manjul Paul

However, strong capital expenditure by the government and front-loading of exports to the US amid tariff uncertainty supported growth during the period.

The economists polled projected India's gross domestic product (GDP) growth in the range of 6.2% to 7.0% for the first quarter of the financial year. All of them expect the momentum in the June quarter to be softer than that of the preceding quarter. At 6.7%, the growth, however, will be marginally higher than the 6.5% recorded in the same quarter last year.