Suman Chowdhury, President - Ratings at Acuité Ratings and Research on Q2 FY20 GDP

"The 4.5% GDP growth in Q2FY20 primarily reflects the significant slowdown in manufacturing which has actually contracted by 1.0% as compared to a growth of 6.9% in Q2 FY19. The demand slump in the automotive sector, weakness in construction sector and lower growth in electricity sector partly brought about by excess rainfall in September have clearly impacted the economic momentum in Q2. A healthy growth of government consumption expenditure of 15.6% during the quarter however, augurs well for a demand revival in the subsequent quarters."

Source : Equity Bulls

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