The Q3 GDP growth number at 0.4% is lower than our estimates of 0.8% By Dhiraj Relli, HDFC securities
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/02/3f831e3fc981a49750dfe8cda18dace3.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below are Views On The Q3 GDP growth number at 0.4% is lower than our estimates of 0.8% By Mr. Dhiraj Relli, MD & CEO, HDFC securities
The Q3 GDP growth number at 0.4% is lower than our estimates of 0.8% but quite short of some other estimates which were in the range of 1.4-2%. The GVA growth of 1% is however a little ahead of our estimates of 0.7.
While construction growth has pleasantly surprised, the growth of private final consumption, Govt final consumption and industry disappointed. The variance of the GDP growth number with the buoyant corporate profits, GST collections and other high frequency indicators data needs more scrutiny. The informal sector of India accounting for a large portion of the GVA still does not seem to have come out of pain but the recent Govt measures may play a role in alleviating some of their problems.
The downward revision of FY21 GDP in the second advance estimates to -8% is also a bit disappointing.
The equity markets may be a tad disappointed with these data points but the mood at this point is anyway somber.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
More News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/04/a5ec50985b71c6de02dabdff70b3118f.jpg)
Perspective on RBI MPC announcement By Shanti Lal Jain, Indian Bank
![Central Banks Boost Gold Reserves in August: Sustained Trend of Healthy Demand Emerges by Amit Gupta, Kedia Advisory](https://portfolio.investmentguruindia.com/uploads/news/gold 2.jpg)
![Reaction on RBI Policy: The RBI has maintained the status quo on key policy rates Says Mr Ashwin Chadha, India Sotheby's International Realty](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/08/b6b41351e4717c579eeb352af8f819d0.jpg)
![MPC first cut: Balanced, non-committal and data-dependent Says Madhavi Arora, Emkay Global Financial Service](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/02/99b88800e4a46ec679c185488733c159.jpg)