India's Jan-March GDP growth seen at one-year low on weak consumption

Soaring prices and the subsequent hit to consumer spending and investments are likely to further dampen India's economy, as the central bank faces a finely balanced struggle to tame inflation via rate hikes without hurting economic growth, economists said.

Asia's third-largest economy probably grew 4 percent in the January-March quarter from a year earlier, a Reuters poll showed last week. That would be the slowest pace in a year, following 5.4 percent growth in the previous quarter.