Perspective on Q2 GDP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International - an Investment consulting firm.
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Below is Perspective on Q2 GDP data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
“ The Q2 growth at 6.3% vs 8.5% YoY is largely in line with the consensus estimates. The stable growth rate is largely on account of robust GST collection witnessed in the past few months, and the fact that we witnessed lower imports. The GVA growth
correctly reflects the slowdown in activities like manufacturing, mining, and construction.
The agriculture growth is a positive surprise that in a part lent support to the growth rate. The key sector like manufacturing construction, trade & hotels needs to recover to meet the RBI's estimate for FY23. With the inflation softening and RBI at the end of the rate hike cycle, expect the growth rate to recover in the remaining two-quarters of FY23.”
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