AprilJune growth forecast at 15.2 yy vs 4.1 yy in JanMarch
Economists see growth slowing down sharply after rate hikes
Say economy to grow 6.2 yy in JulySept, 4.5 yy in OctDec
India to release GDP data at 1200 GMT on Wednesday

NEW DELHI, Aug 31 Reuters India39;s economy probably achieved its fastest annual expansion in a year in the AprilJune quarter, economists said, expecting the pace to sharply slow this quarter and in the next two as higher interest rates hit economic activity.

Gross domestic product GDP in the three months to June 30 was probably 15.2 higher than a year earlier, a Reuters poll showed this week. JanuaryMarch GDP was up 4.1 on a year before.

The last time India39;s GDP achieved higher annual growth was in AprilJune 2021, when it was 20.1 higher than the pandemicdepressed level of a year before.

Forecasts for the latest quarter ranged from 9.0 to 21.5. The official release is due at 1200 GMT on Wednesday.

The Reserve Bank of India RBI has raised its benchmark repo rate by 140 basis points since May, including 50 basis points this month, while warning about the impact of a global slowdown on domestic growth prospects.

The latest Reuters poll showed the economists expected growth this quarter could slow sharply to an annual 6.2 before decelerating further to 4.5 in OctoberDecember.

Many economists expect another rate hike of about 50 basis points next month, followed by one more of 25 basis points thereafter.

Consumer spending, which accounts…