Quote On Quarterly GDP Data by Dr. Ravi Singh, SVP - Retail Research, Religare Broking Ltd
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Below the Quote On Quarterly GDP Data by Dr. Ravi Singh, SVP - Retail Research, Religare Broking Ltd
India’s Q4 GDP came well above the estimate and expectations. The robust and widespread bottom-line growth evident in corporate results has already poised an optimistic outlook in the industry. Looking at the momentum of economic activity and several early data points and indicators that have emerged, we get the validation in the numbers. The strong growth in construction and manufacturing activities and government spending has contributed towards this growth in Q4. With this growth momentum, the Indian economy has again managed to retain its tag of being the fastest growing major economy in the world.
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