View on GDP Data by Abhishek Bisen, Head Fixed Income at Kotak Mutual Fund
Below The View on GDP Data by Abhishek Bisen, Head Fixed Income at Kotak Mutual Fund
The Indian GDP for Q4FY25 at 7.40% and full year for FY2024-25 at 6.50% (Provisional Estimate) was better than market estimate but in line with the government estimate. The Q4FY25 GDP growth has been higher as compared to the preceding quarter (6.40% (revised) in Q3FY25). One of the likely reasons for the increase in the fourth quarter is Mahakumbh in Prayagraj which has led to one of the largest economic activity in the country. The growth rate of India has been higher than any major economies across the world, however the growth rate has been below India’s potential and thus to spur the growth rate, we expect the RBI to cut the repo rate for the 3rd consecutive time in the upcoming Jun’25 policy.
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