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Below is Perspective on Q3 GDP  data By Mr. Raghvendra Nath, MD, Ladderup Wealth Management

“The GDP figure for the third quarter was reported at 5.4%. The major reason behind the fall in the GDP figures for this quarter was the upwards GDP revision of the base year. But as India recovers from the third wave, with a lot of sectors returning to the pre-pandemic levels, hopefully the fourth quarter will see a better number than what we have witnessed in the last quarter. The rise in crude oil prices might pose a threat to the growth of the India’s GDP, as it would affect the margins of the corporates. But with both fiscal policy and monetary policy being supportive of growth, we are optimistic of future development.”

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