The uptick in services is broad-based, with components such as trade and hospitality holding on to the momentum while others like financial and professional services and real estate are rebounding strongly.
So far, so good. Will the good run sustain then? Much would depend upon the inherent strength in domestic demand hereon. Economists from Kotak Institutional Equities expect GDP growth to have peaked in Q1FY24 and growth rates will gradually taper off. They do add that demand conditions in the near term are likely to hold up in the run-up to the festive season.
Diese Geschichte stammt aus der September 04, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der September 04, 2023-Ausgabe von Mint Mumbai.
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