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Perspective on Q1 GDP Data By Mr. Vikash Khandelwal, Eqaro Guarantees
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Below is Perspective on Q1 GDP Data by Mr. Vikash Khandelwal, CEO, Eqaro Guarantees
“The effects of the unlocking of the economy are quite evident in the Q1 GDP print at 20.1%. A few of the industries that were very badly hit during the pandemic like hospitality, construction, airlines & trade have started looking up. I expect growth to normalize in higher single digits in the quarters to come. The higher tax collections and core sector data also indicate a steady recovery. Moving further, the pace of vaccination, fear of the third wave cooling off, higher government spending on key infra projects will help drive a faster economic recovery in India.”
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