India's Q4 FY13 GDP likely grew at 4.9%: ET Now Poll

NEW DELHI: The Gross Domestic Product (GDP) of the economy likely grew at 4.9% in the fourth quarter of FY13, says an ET Now Poll. This will be a marginal improvement over the Q3 GDP growth rate of 4.5%.

With the 4.9% GDP growth estimate, the economy may have grown at 5% for the entire financial year 2012-13. The consensus estimates of the poll range from 4.3% to 5.5%.

While the agricultural sector of the economy may have grown at 2.7%, the industrial sector would have grown at 3.3%, says the poll. The poll predicts that the service sector growth may have improved slightly to 6.2% as against 6.1% in Q3 FY13.

The poll predicts that will the GDP growth is likely to improve, the overall growth momentum will remain weak. Agricultural growth will improve, led by strong Rabi production & a favourable base.

The mining activity may have contracted, but the manufacturing output will be stable quarter-on-quarter. The poll says that construction activity will improve, led by improved steel and cement activity.

"Trade, hotels, transport sector likely grew at 4.5% versus 5.1% Q-o-Q," adds the poll. The capital expenditure will remain weak due to lack of government spending. Improved exports in the fourth quarter and some easing on imports will support GDP.