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Below are Perspective on 3rd quarter GDP data by Krish Raveshia CEO at Azlo Realty

“Q3 growth rate swinging back in the positive territory is in line with most estimates, supported by high government spending, reform measures, and progressive unlocking. A good monsoon and supply-side concerns addressed reflected positively on agriculture output.

The stamp duty cut announced by the Maharashtra state government and the subsequent high sales witnessed is reflecting in the performance of construction, finance, insurance, and the real estate components. The real estate sector has a multiplier effect on the economy, had a positive impact on the steel and cement sector too. The pace of vaccination, stable interest rates, bond yield, and unlocking measures will guide the growth rate for Q4FY21 and FY22.”

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