2026-08-31 05:18:50 pm | Source: Emkay Global Financial Services Ltd
Quote on GDP by Ms. Madhavi Arora, Chief Economist , Emkay Global Financial Services
Below the Quote on GDP by Ms. Madhavi Arora, Chief Economist , Emkay Global Financial Services
“Strong GDP growth validates the cyclical upturn in the economy, as reflected in a broad range of high-frequency indicators, including corporate earnings. This resilience came despite elevated raw-material costs amid the Middle East crisis, suggesting that volumes remain resilient and firms have been able to pass through a meaningful portion of higher input costs. However, the stronger GVA growth of 8.2% appears to reflect a sharp increase in net public-sector subsidies, which outpaced the growth in net indirect taxes.”
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