Q3 GDP numbers beat estimates but economists have mixed opinions; here’s why
Economists say the economy is expanding but concerns about excessive lending prevail; real GDP growth is holding up but underlying activity is decelerating
Economists say the economy is expanding but concerns about excessive lending prevail; real GDP growth is holding up but underlying activity is decelerating
Further moderation in GDP is seen amid the RBI’s aggressive rate hike stance to contain inflation. The slowdown in exports and low consumer demand also contributed to low GDP growth.
A closer look beyond the headline numbers reveals that manufacturing and construction still remain a pain point in the economy.
For fiscal 2021-22, real GDP growth estimate was revised downwards to 8.9% compared with the earlier forecast of 9.2%.