Perspective on GDP Announcement By D.R.E Reddy, CRCL LLP
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Below is Perspective on GDP Announcement By DRE. Reddy, CEO and Managing Partner at CRCL LL
‘India's economic growth showed resilience despite pressure in Q4 due to the war in Ukraine. It has disrupted major global supply chains and pushed up prices of key commodities. The Indian economy grew at a slower on a QoQ basis, but on a YoY basis it showed an improvement in consumer spending and investment that have added weight to the global economy. Going ahead, in the next few months it will be observed that commodities, crude oil may pose a risk to global growth. A normal monsoon year will ease pressure on inflation. However, we expect the RBI to continue with its rate hike cycle to tame inflation’.
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