Indian economy likely to grow 6.7 yy in JanMarch qtr poll
GDP data to be released on Friday 1200 GMT
Economists see reforms to stay regardless of election results

NEW DELHI, May 31 Reuters India39;s economy is expected to have grown at a slower pace in the JanuaryMarch quarter than the previous three months, dampened by a moderation in manufacturing and urban spending, but economists see economic momentum remaining strong in Asia39;s thirdlargest economy.

The median forecast from a survey of 54 economists put GDP growth at 6.7 yearonyear for the three months, the fourth quarter of India39;s 202324 fiscal year, lower than the higher thanexpected 8.4 expansion in the previous quarter.

In the OctoberDecember quarter, growth was boosted by a sharp fall in subsidies, while gross value added GVA, seen by economists as a more stable measure of growth, rose 6.5.

In the March quarter, GVA growth is seen at 6.2.

Driven by an increase in state infrastructure spending and strong urban demand, the economy has shown remarkable strength in the face of global headwinds. The central bank expects the economy to grow by close to 8 this fiscal year, which would be the highest among large economies globally.

The GDP figures will be released on Friday at 1200 GMT.

Sustained momentum in domestic demand is likely to have underpinned the stellar performance of the economy, said Ankita Amajuri, economist at Capital Economics, which expects 7.5 growth in March quarter.

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