India Q3 GDP rate of 4.4% is in line with RBI estimates By S Ranganathan, LKP Securities
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Below View on FYQ3 performance in India By S Ranganathan, Head of Research, LKP Securities
"India Q3 GDP rate of 4.4% is in line with RBI estimates and is below consensus estimates primarily due to an upward revision in the base. GVA during the quarter was up 20bps compared to the GDP. During the quarter private final consumption was not in line with expectations. Gross Fixed Capital Formation at over 8% however is encouraging."
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