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Do you see the pace of GDP growth sustaining in the coming quarters?

Created by : Esha Johar, Risk Analyst, Irevna  | 12 02 2009 08:11:26 +0000
Industry : Equity Research/AnalyticsFunctional Area : Equities(Markets)
Keywords : economy gdp growth december quarter september quarter
Activity:  80 views;  last activity : 07 06 2010 20:18:09 +0000

India's economy grew an annual 7.9% in the September quarter, much faster than expected on government stimulus spending and a surge in manufacturing, adding pressure on the central bank to lift interest rates as inflation rises. The annual growth for India's fiscal second quarter was far above a median forecast of 6.3% in a Reuters poll as agricultural output performed better than expected.

India's roaring September quarter performance accelerated from its 5.8% rate in the December and March quarters to 6.1% in June on pick-ups in the mining, manufacturing, and electricity and services sectors from the previous quarter.The central bank cut its key lending rate by 425 basis points between October 2008 and April, while the government slashed duty rates and stepped up spending to pump-prime the economy and prevent massive job losses. The central bank forecast growth during 2009/10 would come in at 6 percent with an upward bias.

Do you see the pace of GDP growth sustaining in the coming quarters?

  
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Yes,Indian Economy is definitely in a continuous growing stage and the present growth will be sustaining in the coming quarters. India is the hot market for FIIs now and it had a dramatic around $15 bn this year as of now. Even if there is around 20% correction in equity market it will lead the growth path. However, there will be less decrease in the present 7,9% growth as shown now.
By Esha Johar, Risk Analyst, Irevna  | 12 02 2009 08:11:26 +0000
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i dont thkn so...bec wat growth rate 2dy we hav evn dis is what govt. itslf didnt expct......as well as we all knw food inflatn is increasng in comparsn to last week as well..........so we all knw wat is gonna happn.....
By deepak kumar tawatia, MBA/PGDM student, accman institute of management  | 12 04 2009 11:13:57 +0000
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I don't think so. Even the figures being churned out are very doubtful. The overall picture appears far different from the figures, which even the bureaucrats are afraid to confirm in one voice. GDP growth is just NOT for stock market consumption; it must conform to reality and felt by the 'aam aadmi'. It appears in India that GDP growth is only for the high net worth individuals and not even to the middle class. So, what we are talking about? There is no speed in GDP growth in real terms and what we are talking about sustaining the 'pace'?
By Jyoti Rath, Sr. Associate, Barclays  | 12 02 2009 08:21:35 +0000
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