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Slowdown in GDP growth
Jun 1, 2017

While investor sentiment is at an all-time high, the Indian economy stumbled to clock a GDP growth of 6.1% in the fourth quarter of 2017. This was the fourth consecutive quarter of fall in GDP growth number in the year. The notebandi impact was fully felt across various sectors. Construction sector was the most affected and declined by 3.7%. The expansion was much lower than analyst estimates of 6.5-7.8%.

Credit rating agency Moody has projected India's economy to grow at 7.5% in 2017-18 and 7.7% in 2018-19. Moreover, GST is expected to boost India's GDP going forward on a sustained basis.

It will be interesting to note RBI's stance on interest rates with the current GDP numbers. Will it keep interest rates unchanged to encourage consumption? Or will it assume the notebandi impact to be over and increase interest rates to control inflation?

Data Source: Ministry of Finance, Government of India

This Chart Of The Day was published in The 5 Minute WrapUp - Is the Stock Market a Good Place to Invest These Days?

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