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- GDP rose 20.1% in Q1 FY22, 4.1% in This autumn
GDP estimates for April-June
KEY DRIVERS
- Funding development doubtless recovered
- Rail freight, GST e-way payments corroborate development
- GVA development is seen at 14.5%.
- Vaxx drive booster for contactintensive providers
- 17-19% development in commerce, motels, transport, communication
- Excessive company journey, decrease infections in Q1
- Lockdown easing benefited city consumption
DRAGS ON GROWTH
- Russia-Ukraine battle, excessive commodity costs dampened consumption
- Extreme heatwave hit wheat output, farm development
- Farm development could slip to three% from 4.1% in This autumn
- Slowing exports impacted the trade
- Rising rates of interest and excessive inflation
WHAT’S AHEAD
- Regular development seen however a number of dangers
- FY23 GDP pegged at round 7%
- Demand destruction in India’s key buying and selling companions: US, EU, China
- Unsure international atmosphere, geo-political state of affairs
- Slowdown in international development
- Inflation and financial tightening may dent demand