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Below are Perspective On GDP numbers for Q3 By Sanjay Kumar, CEO & MD, Elior India

“ The GDP data is a cause for cheer as it shows the economy is beginning to turn around. Whilst the growth is marginal it is still a growth and that is cause for celebration. However, the 6.5% decline in the GVA will be something to watch for and track. The next quarter is going to be crucial to assess if private investments and consumption are picking up.

The current recovery could partly be driven by pent-up demand and hence a uptake in actual normalized demand will be a key driver to assess the robustness of the GDP recovery. Also, the fact that we are beginning to see a pickup in industrial activity augurs well for improvement in private consumption.

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