It was aided by growth in private consumption at 9.74% even as corporate margins & production were a concern Says Vivek Goel, Tailwind Financial Services
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Below are Views on GDP data by Vivek Goel, Co-founder and Joint Managing Director, Tailwind Financial Services Limited
India Q2 Real GDP Growth came in at 6.3% broadly in line with estimates; slowing from 8.4% previous year. It was aided by growth in private consumption at 9.74% even as corporate margins and production were a concern due to spillover effects from slowdown in developed economies. With the festive season behind us, demand conditions will continue to look at government spending as budget exercise is underway and this will be the last full budget before 2024 general elections.
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