DEMONETIZATION AND GST COMBINE TO PUT PRESSURE ON Q1 GDP.

   

The Reuters consensus estimate for GDP growth for the first quarter ended June 2017 was slightly lower at 6.6%. However, the GDP growth for first quarter announced on 31st August was nearly 100 basis points lower than the Reuters consensus. For the quarter ended June 2017, the MOSPI announced India’s annualised GDP growth at 5.7% with the Gross Value Added (GVA) growth at 5.6%. Before getting into the granular details of the GDP growth, it needs to be remembered that GDP growth was one of the key advantages that the Indian economy enjoyed over China. In fact, just a year back when China was growing its GDP at 6.5%, India was growing its GDP at 7.5% making India the natural magnet for foreign portfolio investments and FDI flows.                                                                        

                                                                                                                       Source:-Angel Broking Blog.