Perspective on GDP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
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Below the Perspective on GDP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
'India’s gross domestic product (GDP) grew 8.4 percent in the December quarter boosted by 11.6% growth in the manufacturing sector, 9.5% in the Construction sector, and 3.8% in the farm sector, beating market projection of 6.6%.
At 8.4% YOY, this is the strongest growth since the second quarter of 2022. In the process, India has retained the tag of the world's fastest-growing major economy.
Moving forward, India can be expected to maintain its position as one of the world's fastest-growing economies, surpassing any comparable emerging market countries. However, we may see some near-term moderation due to the inflationary impact of the food prices , geopolitical, and the Red Sea crisis.”
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