Highlights

In Q1 (April to June 2022) GDP came in at 13.5% largely due to the pandemic related statistical distortions.
For Q2 (July - September 2022) GDP came in at 6.3%

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October-December GDP expected to slow to 4.6%

Name: October-December GDP expected to slow to 4.6%
Uploaded: 2023-02-27T18:12:06.000+05:30
Duration: T00M32S
Channel: Avni Raja
Description: Economists expect the GDP growth for Q3FY23 to slow to 4.6%. This, largely due to base effects normalising which are pulling down the numbers.

Economists expect the GDP growth for Q3FY23 to slow to 4.6%. This, largely due to base effects normalising which are pulling down the numbers.

Updated: Sep 02, 2022 10:53

Avni Raja

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October-December GDP expected to slow to 4.6%

The GDP numbers for the October to December quarter will be released on Tuesday, 28th February.

As per a poll by Reuters, GDP growth is likely to have slowed down to 4.6% in the third quarter of the current financial year.

SBI research also pegs the GDP for Q3 at 4.6% which is higher than the Reserve Bank of India's estimate of 4.4%. The SBI report also says that revisions are likely in the GDP data for FY20, FY21 and FY22.

"There are base effects that are normalizing and pulling down the annual numbers. The support from agriculture might be lower and also manufacturing could be a drag," said Sakshi Gupta, principal economist at HDFC Bank.

In Q1 (April to June) GDP came in at 13.5%, that was largely due to the pandemic related statistical distortions. The following quarter ending September 2022, GDP came in at 6.3%.