India GDP data today: Economic growth likely to have slowed to 4.6% in December quarter

India GDP growth rate: An official reading of changes in the country's GDP in the quarter ended December 2022 is due later on Tuesday, February 28. According to Zee Business research, the India's GDP growth is likely to have stood at an annual 4.6 per cent for the period — the third quarter of the current financial year. If that happens, it would mean growth in the economy has slowed down by 170 basis points sequentially, though better than the RBI's estimate of 4.4 per cent. 

India's GDP in the quarter ended September 2022 expanded 6.3 per cent. Here's a look at some of recent GDP readings:

India's GDP data comes at a time when major central banks such as the RBI have the Herculean task of controlling inflation without damaging economic growth.  

Here are some of the key things to know about the GDP data:  

India GDP data release time

The country's quarterly GDP data is due at 5:30 pm.  

India GDP growth rate estimate

According to the first advance estimate of the statistics office, India's GDP growth is pegged at seven per cent for the year ending March 2023, aided by private consumption and investment.

The RBI estimates GDP growth for the October-December 2022 period at 4.4 per cent, and for the full year ending March 2023 at 6.8 per cent. 

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RBI GDP growth estimate for 2023-24

For the next financial year, the RBI projects GDP growth at 6.4 per cent, with 7.8 per cent in the first quarter, 6.2 per cent in second, six per cent in third and 5.8 per cent in the final three months of the year, citing 'evenly balanced" risks.​

Earlier this month, the RBI announced a hike of 25 bps in the repo rate — the key interest rate at which it lends money to commercial banks, to 6.5 per cent. That was its sixth increase in the key lending rate in the current cycle of monetary policy tightening. Read more on RBI rate hike, GDP data projections