HomeNewsBusinessEconomyIndia's data may add to doubts about economic health

India's data may add to doubts about economic health

Annual output growth at factories, mines and utilities in April is estimated to hit a six-month low of 1.6 percent compared with 2.1 percent the previous month, according to economists polled by agency.

June 12, 2015 / 16:58 IST
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Indian data on Friday is expected to paint a grim picture of the economy and could reinforce doubts about the health of the world's fastest growing major economy.

Annual output growth at factories, mines and utilities in April is estimated to hit a six-month low of 1.6 percent compared with 2.1 percent the previous month, according to economists polled by agency.

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Consumer inflation in May, meanwhile, will likely edge up to 5.0 percent from 4.87 percent the previous month on higher energy and food costs, the poll found.

"India is on a slow road to economic recovery," said Radhika Rao, an economist with DBS Group Research. "Friday's data would only support that view."