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

The Q2 GDP growth data at 8.4% is on expected lines. The nominal GDP however grew at 17.5%, mainly due to the high commodity prices. We are running a risk of higher CPI inflation in the coming quarters. The positive news is that India has staged a smart recovery and the growth momentum is strong. Multiple levers in the Economy like Infra spend, Low interest rates boosting real estate sector, and consumer demand are going to aid and further the GDP growth in the coming quarters. Let us hope that industrial credit growth, which has been hitherto quite sluggish, picks up in the coming quarters thereby aiding the Economic growth.

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