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Below is Q4 GDP data and FY23 growth rate by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International 

“The Q4, as well as FY23 growth rate, has been higher than most estimates. This growth has been despite interest rates at a two-decade high, the central bank withdrawing liquidity, and concerns around global growth. while Agri, mining, manufacturing, electricity, and construction component pushed up the overall growth rate, the slowdown in private consumption and public expenditure was a drag on the growth rate. Overall slowdown in imports and a trade surplus also played a role in the higher growth rate.

This release of the data is timely as the central bank will be announcing its monetary policy in a week's time. This will encourage a status quo policy on the rate as well as the policy stance. Going forward, a good monsoon year, global growth, and the geopolitical situation will provide further cues on growth.”

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