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Comment on Q3 GDP numbers by Upasna Bhardwaj, Kotak Mahindra Bank
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Below is the Comment on Q3 GDP numbers by Upasna Bhardwaj, Senior Economist at Kotak Mahindra Bank
“The softer than expected 3QFY22 GDP has been led by manufacturing and construction but largely led by upward revisions to the previous years numbers. Going forward, the 4Q GDP prospects are weighed down by weak activity in January due to the third wave linked restrictions. However, the pickup in activity since early February should provide some support, although risk from elevated oil prices and the impending pass through of input prices may weigh on the already weak consumption demand.”
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