GDP growth near 7.6% in Apr-Jun

New Delhi : NEW DELHI: India's gross domestic product during April to June is expected to increase at its slowest pace in six quarters as interest rate hikes, inflation and global slowdown begin to impact growth, according to an ET poll.

The country's quarterly GDP is likely to grow at a median 7.65%, says a survey of 14 economists, most of whom expect the annual growth to range between 7.5% and 8%. The RBI has pegged the full year's growth rate at 8%.

Growth prospects in India look fairly steady," said Madan Sabnavis, chief economist, CARE Ratings, but cautioned against risks from the external environment.