Tag Archives: India GDP

But leading indicators point to Q4 rebound.Indian GDP in Q3 2018 rose 7.1% year-over-year (y-o-y) in real terms, down from 8.2% in Q2 and significantly below the consensus and our own forecasts of 7.5%. As a result, we have revise down our fiscal year (FY) 2018-2019 GDP forecast for India to 7.2% from 7.6% previously. Our forecast for FY 2019-2020 remains the same, however.In our view, external headwinds, specially surging oil prices, were the main reasons for the downturn in Q3, but...

Fading policy headwinds has been helping growth numbers, but external factors are expected to weigh on growth in the near future.Indian GDP came in strongly in Q2, expanding 1.9% quarter-over-quarter and 8.2% year-over-year (y-o-y), beating both the consensus and our own forecast. These numbers put India easily at the top of G20 countries in terms of GDP growth. As a result, we are revising our Indian GDP forecast for fiscal year 25018-2019 slightly upwards to 7.6% from 7.5%.The acceleration...