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Below is Perspective on GDP Numbers by Dr. Joseph Thomas, Head of Research - Emkay Wealth Management.

“The GDP growth for Q1 22 at 20.10 % is well in line with the estimates, and it gives comfort that the economic revival process is intact. But the recovery is not that strong considering the fact that the contraction was deeper. While agriculture and manufacturing continue to contribute to the recovery, construction showed the highest rise among the sectors, 68.30%, which was most affected by the disruption due to the pandemic. While the private as well as government consumption numbers remain more or less at the same levels as before with no significant changes as such, the need to give further push to consumption cannot be overemphasized. The policy accompaniment by both the central bank and the government needs to be continued especially in the light of relatively higher price level, and no pick up in credit growth.”

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