NEW DELHI: India’s economic expansion likely slowed in the October-December period, as rising borrowing costs crimp consumption that’s a key growth driver.
Gross domestic product probably rose 4.7% last quarter from a year ago, according to a median estimate of economists in a Bloomberg survey ahead of data due Tuesday at 5:30 p.m. local time. That will be the slowest quarterly performance since the 4.09% expansion in the three months ended March last year.
