Much of the growth moderation in Q3 is attributed to an adverse base effect as real GDP grew at 5.2%y-o-y in Q3FY22. But even stripping the base effect, GDP growth edged lower to 3.5% quarter-onquarter, clocking the lowest growth for the December quarter in the past three years.
The growth slowdown is largely broad-based and a decline in some of the major components of GDP raises questions on resilience of domestic demand. The sharp slowdown in private consumption expenditure to a two-year low suggests a softening in household spending demand amid inflationary pressures as post-covid pent up demand starts to fade. A moderation in investment (gross fixed capital formation) growth despite a favourable base raises concerns over nascent recovery in capex cycle amid rising cost of capital, fading domestic consumption and weakening exports.
Bu hikaye Mint Mumbai dergisinin March 02, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin March 02, 2023 sayısından alınmıştır.
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