There are nascent signs of consumption recovery, however it is still led by urban more than rural Says Ms. Madhavi Arora, Emkay Global Financial Services
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Kindly find appended below perspective by Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services on Expectations on the Upcoming Q4 GDP Data
“Growth in 4q is expected to be driven by momentum in trade, hotel and transportation while government spending may have also picked up. There are nascent signs of consumption recovery, however it is still led by urban more than rural. Besides, net exports was less of a drag to growth amid lower trade deficit and higher services net exports. We see 4Q GDP at 5.1% and see fy23 at 7%. However we expect growth to slow to 5.7% in fy24”.
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