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Below is the Views On perspective on the Gross Domestic Product (GDP) numbers by Dr. Joseph Thomas - Head of Research, Emkay Wealth Management.
“Q2 GDP which is at 4.50 % indicates a slump in economic activity and it has become quite pronounced after a slip to 5% in Q1. This leads up to an annual growth rate close to 5%. Stronger fiscal stimulus is required to stem this fall without which it could be still lower as we move into the next financial year. Measures to stimulate demand needs to be taken immediately, in the absence of which counter cyclical actions may not bear fruit.”
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