
Q4 GDP at 6.1% higher than expected, say analysts
The fourth quarter GDP growth surprised positively at 6.1% YoY versus its 5.4% estimate, says Prithviraj Srinivas, Chief Economist, Axis Capital.
The fourth quarter GDP growth surprised positively at 6.1% YoY versus its 5.4% estimate, says Prithviraj Srinivas, Chief Economist, Axis Capital.
Further moderation in GDP is seen amid the RBI’s aggressive rate hike stance to contain inflation. The slowdown in exports and low consumer demand also contributed to low GDP growth.
India’s FY23 GDP forecast could see an upward revision from the current 6.8% towards 7%, says a report.
This brings India's GDP growth for the March quarter to an one-year low despite managing to outdo expectations by most analysts.
From the Russia-Ukraine crisis to GDP data to ongoing state elections to sales figures of auto companies – this week is going to be action-packed for Dalal Street.