GDP growth in 3QFY24 By Mr. Suvodeep Rakshit, Senior Economist of Kotak Institutional Equities
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Below The Quote On GDP Growth in 3QFY24 By Mr. Suvodeep Rakshit, Senior Economist of Kotak Institutional Equities
"Real GDP growth in 3QFY24 was much ahead of expectations at 8.4%. However, much of the upside surprise was from net taxes. The underlying production growth reflected in GVA growth was closer to expectations at 6.5%. Broadly, GDP data indicated that investment growth continues to outpace consumption growth by a huge margin. Households savings rate dipped in FY2023 led by lower financial savings rate compared to FY2022. As expected, physical savings rate increased marginally. For policy makers, the concern on growth will remain minimal for now with growth staying on a decently strong footing."
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