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For Wholesale Garden Gazebos Manufactures that forecast to materialise, however, the economy would have to grow at a rate of 7. That will make it harder to contain the government's borrowing needs.2 percent a year earlier.6 percent in fiscal year 2015-16 compared with 10.A.Monday's data did little to put those doubts to rest and if anything, raised further questions about its accuracy.But worryingly for Jaitley, nominal GDP is forecast to grow 8.. Gross domestic product grew an annual 7. Asia's third-largest economy is widely viewed as a beacon of stability in an uncertain global economy, with weaker commodity prices helping to cool India's inflation and improve its fiscal and external balances.India's economic growth slowed in the last quarter of 2015.India's economic growth slowed in the last quarter of 2015, adding to pressure on Prime Minister Narendra Modi's government to expedite stalled reforms in the next session of parliament when it presents its annual budget.

Under scrutinyIndia's GDP data has been under scrutiny since last January when statisticians unveiled new methodology they say better captures value addition in the goods and services supply chain. Economists say the sharp slowdown in nominal GDP is largely due to falling wholesale prices, which have a bigger weight than retail prices in the GDP "deflator" used by the government to strip out price changes to make quarters comparable.8 percent posted by China in the same quarter, although many economists say the official data continues to overstate the economy's strength.Worryingly for Finance Minister Arun Jaitley, who unveils his budget at the end of February, nominal growth -- which drives tax revenues -- is weakening because of the global commodities slump. That puts the focus on Jaitley's third annual budget on Feb.C. New Delhi also forecast that GDP growth for fiscal year 2015-16 would accelerate to 7.

7 percent in July-September but in line with the forecast in a Reuters poll of economists."Overall, the deflator is looking very, very worrisome," said Abheek Barua, chief economist at HDFC Bank.3 percent in the October-December quarter, government data showed on Monday, less than an upwardly revised 7. The slowdown is likely to add fuel to an ongoing debate within the government over whether to hike borrowing and spending to stimulate sluggish demand. 29, which is expected to include measures to address rural distress and boost investment. Economic growth for the April-June quarter, for example, was surprisingly marked up to 7.6 percent from a revised 7.6 percent from a provisional 7 percent reported earlier.India's chief statistician T. "The data looks difficult to correlate," said Shubhada Rao, chief economist at Yes bank in Mumbai.