Indian economy seen expanding 6.9 yy in AprilJune qtr poll
GDP data to be released on Friday 1200 GMT
Economists see economic growth momentum remaining robust

NEW DELHI, Aug 30 Reuters India39;s economic growth is expected to have slowed in the AprilJune quarter due to reduced government spending during the national elections and stalling consumption.

A Reuters poll of 52 economists projected GDP growth of 6.9 yearonyear for the three months through June, the first quarter of India39;s 202425 fiscal year. That is below the central bank39;s estimate of 7.1 and the 7.8 growth rate of the previous quarter.

If the projection holds, India will remain the world39;s fastest growing major economy. Official GDP growth figures for recent quarters have consistently exceeded forecasts.

For the full fiscal year, the central bank expects the economy to grow 7.2, slower than 8.2 growth the previous year, dragged down by a contraction in state spending and the central bank39;s tightened rules on retail loans.

The government is due to announce GDP figures for the AprilJune quarter on Friday at 1200 GMT.

Garima Kapoor, an economist at Elara Capital, said uncertainty surrounding the general elections negatively affected infrastructure and capital expenditure in the June quarter, but economic activity was recovering.

Our real sector indices continue to signal a steady and healthy economy, led by consumption.

Government spending in the June quarter fell 7.7 on year, compared…