Perspective on the GDP Numbers by Joseph Thomas, Emkay Wealth Management
Below are Views On Perspective on the GDP Numbers by Joseph Thomas, Emkay Wealth Management
“The Q3 GDP number indicates growth at 0.40 %, reflecting the recovery in growth across a spectrum of sectors. Finally, economic growth is in the positive territory. But the trajectory of growth would depend to a significant extent on the efficacy with which the second wave of the pandemic is contained, if it happens, as appropriate growth supporting fiscal and monetary policies are already in place. There are sectors like education, hotels and restaurants and travel and tourism , which are yet to be open fully and there are short term lockdowns in several cities as of now. If it deepens further then Q4 growth may be impacted.’’
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