Reaction to the GDP Numbers for Q2 FY 2023 By Mr. Mohit Ralhan, TIW Capital
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Perspective on the Reaction to the GDP Numbers for Q2 FY 2023 by Mr Mohit Ralhan, CEO, TIW Capital
“The growth of 6.3% in India’s GDP for the Sep quarter is in line with the broader expectations including RBI’s own forecast. Similar to the July quarter, the growth continues to be driven by an increase in private consumption expenditure and gross fixed capital formation, indicating an ongoing robust recovery. A significant increase in steel consumption and the sale of commercial vehicles also augurs well for coming quarters. The expected increase in private CAPEX in the second half of the year is likely to make the recovery stronger and complete. India continues to do significantly better in reviving its economy and the fiscal year target of achieving a growth of over 7% looks within reach.” - Mr. Mohit Ralhan CEO TIW Capital Group
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