Quote on GDP data by Dr. Ravi Singh, SVP- Retail Research, Religare Broking Ltd.
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Below the Quote on GDP data by Dr. Ravi Singh, SVP- Retail Research, Religare Broking Ltd.
''The slowdown in Q1 GDP is primarily attributed to a high base effect, adverse weather conditions, and restrictions on government activities due to the election code of conduct. Nevertheless, the underlying data is encouraging, with notable increases in private consumption and a modest rise in investment activity. Coupled with declining inflation, this solid growth is expected to support continued strong performance in the Indian equity market.''
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