India's economic recovery from the COVID-19 pandemic likely stumbled again in the first quarter of this year primarily due to Omicron-related restrictions and higher inflation, a Reuters poll showed.
Growth in Asia's third-largest economy was pencilled in at 4.0% for the January-March quarter from the same period a year ago in a May 23-26 Reuters poll of 46 economists, down from 5.4% in Q4 2021. If realised, that would be the slowest in a year, and a third consecutive quarter of weaker growth.
January-March was the final quarter of 2021/22 fiscal year. The economy grew at 20.3%, 8.5% and 5.4% in the first three quarters of the financial year, respectively, which could be revised.
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