Overview:

• The Indian economy expanded by 5.7% yoy in the June quarter, the slowest since March 2014. Net exports detracted from growth, and capital spending remained muted.
• NAB Economics is forecasting the economy to grow by 6.8% and 7.4% in 2017 and 2018 respectively, as implementation issues surrounding the GST begin to recede.
• The ability to generate an enduring improvement in private capital expenditure remains a crucial challenge for the Indian economy.

For further details, please see the attached document.

• India GDP: September 2017 (PDF, 485kb)