India’s GDP Growth in Q4 Seen at 7.4%
The Ikra rating agency expects GDP growth in the January-March 2017 period to be 7.4 percent, thanks to a good spring harvest and improved corporate profits, from 7.2 percent in the third quarter.
The Central Bureau of Statistics is scheduled to issue GDP estimates for the fourth quarter of the fiscal year 2017-2017 and provisional annual estimates for 2017-2017 on 31 May. According to ICRA, India’s total value growth is likely to increase substantially year-on-year to 7.3% in the fourth quarter of the fiscal year 2016 from 6.7% in the third quarter of the fiscal year 2016 and therefore rebounded to over 7% after a gap of Five quarters.
This revival is expected in the fourth quarter, compared to the previous three months, broadly supported by an increase in the industry (to 7.7% from + 6.8%), agriculture, forestry and fishing (to 4.5% from 4.1%). ), And services (to 7.8% of + 7.7%), he said.