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Reaction quote on GDP data By Raghvendra Nath, Managing Director, Ladderup Wealth Management Pvt. Ltd
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Below the perspective on today’s GDP data announcement By Raghvendra Nath, Managing Director, Ladderup Wealth Management Pvt. Ltd
“India continued to hold its throne in terms of fastest growing economies globally, with GDP growth at 8.4%. The number came as a pleasant surprise with manufacturing & construction having grown at a good rate. Though the numbers have shown a healthy growth rate, going forward we expect moderation in the number due to multiple headwinds coming from affected kharif crops, weak rural demand, poor performance from industrials, and also global headwinds.”
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