Heartening to see green shoots in household consumption and capital formation - Karan Mehrishi

Karan Mehrishi, Lead Economist at Acuité Ratings & Research Limited.

"Q3 print is in line with our expectations. Even though a favourable base did play a role in the slight improvement in quarterly value added, it is heartening to see green shoots in household consumption and capital formation. Nevertheless, a tight fiscal space is constricting public expenditure, which has reported a lower contribution of GDP this quarter. Industry wise, agro and allied, public administration and mining have shown encouraging performance in Q3 along with financial services. On the other hand, manufacturing and electricity and to an extent construction related sectors continue to exhibit contractionary tendencies."

Source : Equity Bulls

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