According to an official statement by the Ministry of Statistics and Programme Implementation, India's first quarter FY 2015-16 Gross Domestic Product (GDP) data will be released on August 31, 2015, three days later than earlier scheduled.
"The First Quarter press release of 2015-16 will be on 31st August 2015 as per the Advance Release Calendar for Quarterly Releases. In the Press Note released on May 29 2015, the date of release was inadvertently mentioned as 28th August 2015," the ministry said in a notice uploaded on its website.
Asia's third biggest economy which grew by an impressive 7.5 per cent, year on year in the March 2015 quarter, under the new GDP data series, thereby overtaking China as the world's fastest growing major economy, is expected to have seen another strong quarter of growth in the three months ended June 30, 2015.
The economy had expanded by 7.3 per cent in FY 2014-15.
Domestic brokerage house IDFC this week said that economic growth may pick up to 7.7 per cent in FY 2015-16 led by higher government capital spending while a softening inflationary environment will also spur investment and private consumption. However, any delay in execution of key reforms such as the GST that is facing political headwinds may cripple economic growth.