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India's GDP Grows the Slowest in the Past Five Quarters
Sep 1, 2016

As we write this, the markets are flat for the day. This is perhaps in reaction to the GDP growth in the country off to a shaky start. As today's chart of the day highlights, the GDP has grown at its slowest pace in the past five quarters at 7.1% on a YoY basis. The key culprits seem to be the mining, construction and the farm sectors. While agriculture and construction grew at 1.8% and 1.5% respectively during the quarter, mining registered a fall to the tune of 0.4%. On the positive side, there were sectors like public administration and other services which did really well and grew 12.3% and also financial, insurance and real estate that were up 9.4% YoY.

Where does the GDP go from here? We are sure the Government won't losing sleep over the first quarter numbers as things like pay panel award and good monsoons would ensure that the June quarter growth is just an aberration and we touch the targeted 8% growth that's so crucial if we are to reduce poverty and create jobs. As for investors, the long term India growth story remains intact and any investor overreaction should be seen as an opportunity to enter to fundamentally great stocks at attractive valuations.

Data Source: Business Standard

This Chart Of The Day was published in The 5 Minute WrapUp - Should You Be an Active Investor, Or a Passive One?

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