01-01-1970 12:00 AM | Source: Emkay Global Financial Services Ltd
There are nascent signs of consumption recovery, however it is still led by urban more than rural Says Ms. Madhavi Arora, Emkay Global Financial Services
Kindly find appended below perspective by Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services on Expectations on the Upcoming Q4 GDP Data
“Growth in 4q is expected to be driven by momentum in trade, hotel and transportation while government spending may have also picked up. There are nascent signs of consumption recovery, however it is still led by urban more than rural. Besides, net exports was less of a drag to growth amid lower trade deficit and higher services net exports. We see 4Q GDP at 5.1% and see fy23 at 7%. However we expect growth to slow to 5.7% in fy24”.
Above views are of the author and not of the website kindly read disclaimer
Latest News
Olympic-bound Preeti to spearhead India`s 50-member ...
Former wrestler Narsingh elected chairman of WFI`s a...
Varun Dhawan celebrates his 37th birthday at home wi...
Ashish Vidyarthi promises untold stories from Pulwam...
REC okays Rs 1,869 crore loan for Kiru hydro project...
India`s LTIMindtree`s Q4 revenue misses estimates a...
Madhya Pradesh: `Jalabhishek`performed at Ujjain`s M...
Drone war competition organised in Jammu, propelling...
Evening Roundup : A Daily Report on Bullion Energy &...
CriticalRiver Sets Stage to Become 100% Employee-Own...
Tag News
Monthly Debt Market Update, September 2023: CareEdge Ratings
Quote on RBI decision to discontinue the incremental cash reserve ratio (CRR) By Dr. Manoranjan Sharma, Infomerics Ratings
Governance mechanism, customer-centricity can help in fintech ecosystem sustainable growth: Ajay Chaudhary
3 Centres of Excellence set up by TIDCO finding good traction: Tamil Nadu Minister