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India's economic growth likely remained stuck around a near four-year low in the March quarter, compounding the government's woes as it heads into a busy election period weighed down by graft scandals and a record of poor economic management.
The economy grew 4.5 percent in the December quarter, but a Reuters poll has shown that Asia's third-largest economy will likely perform a little better and expand by 4.8 percent in the quarter that ended in March.
For the financial year 2013, the government had estimated the economy will grow five percent, the lowest in a decade. However, if the poll consensus proves right, full-year growth will be worse than the government's estimate.
This economic data will set the tone for further interest rate action by the Reserve Bank of India , especially in the current scenario where hopes of a rate cut have risen after inflation fell below five percent in April.
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