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Perspective on GDP Data by Mr. D.R.E Reddy, CRCL LLP
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Below is Perspective on GDP Data by Mr. D.R.E Reddy, CEO and Managing Partner, CRCL LLP
“The better-than-expected GDP numbers are room for optimism, especially the growth in the construction sector augur well for the economy. It should result in an increase in credit offtake. There could be some inflationary pressures in the short term. We also see a good pickup in industrial activity across all our clients from varied sectors and remain optimistic on a continuing upswing in the economy.
It will be interesting to watch how the Central Bank now looks at the interest rates in its next review, and if tapering is likely to happen even in India.”
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