India Economy Watch – Real GDP growth exceeds 8% for third consecutive quarter: Motilal Oswal

NDTV Profit's dedicated research section collects quality and in-depth equity and economic research reports from India's leading brokers, asset managers and research agencies. These reports provide NDTV Profit subscribers with the opportunity to expand their understanding of companies, industries and the economy.

Real gross domestic product growth was much higher than expected at 8.4% in the third quarter of fiscal 2024, compared to 8.1% (revised upward from 7.6%) in the second quarter of fiscal 2024 and 4.3% in Q3FY23 (revised downward from 4.8%). GDP growth in the first quarter of FY24 was also revised upwards to 8.2% from 7.8%. Consequently, GDP growth for 9MFY24 stood at 8.2%. The better-than-expected GDP growth was partly due to a downward revision in the third quarter of FY23 (to 4.3% from 4.8% previously) and very high growth in real net indirect taxes driven by lower subsidies.

Details suggest that the better growth is almost entirely due to investments (12.2% in Q3FY24, the highest in six quarters versus 2.8% in Q3FY23).

On the other hand, private consumption growth remained weaker at 3.5% year-on-year in Q3FY24 compared to 1.8%/2.4% in Q3FY23/Q2FY24. At the same time, government consumption contracted by 3.2% in the third quarter of FY2024, compared to a growth of 7.1% in the third quarter of FY23. However, the discrepancies contributed to real GDP growth of 3.5% in the third quarter of FY2024, which is due to the authorities' limited ability to allocate GDP across consumption and investment, rather than casting doubt on overall GDP growth.

India's investment ratio rose to 31.9% of GDP in the third quarter of FY2024, better than 30.7% of GDP in the third quarter of FY23. India's net imports stood at 2.8% of GDP in the third quarter of FY2024, compared at 3.9% in Q3FY23. Consequently, domestic savings are likely to have increased to 29.1% of GDP in Q3FY24 from 26.9% of GDP in Q3FY23.

Click the attachment to read the full report:

DISCLAIMER

This report was written by an external party. NDTV Profit does not guarantee the accuracy of the content and is in no way responsible for it. The contents of this section do not constitute investment advice. You must always consult an expert based on your individual needs. The views expressed in the report are those of the author and do not reflect the views of NDTV Profit.

Users have no license to copy, modify or distribute the Content without permission from the original owner.

sudden porn ipornmovs.mobi tamil school sex videos
indian aunty x vedio stripmpegs.net neha nair nude
enema nhentai hentaifile.com nier atomata hentai
saxe store hindi bullporn.mobi sex mms site
www indianxvedios pornorolik.org gaysporn
jubaida flyporn.me auntsex
goo hentai hentaitgp.org pet transformation hentai
sex vedeos faphub.mobi shruti hassan porn video
xxxx videos indian indianpornfree.com telugu movies in torrentz2
xxx sex films indianauntyporn.net anu aggarwal nude
نيك اكس موفز gekso.mobi arab nar.com
oneesan hentai real-hentai.org haruhi hentai
www tamil six movie com gangstaporno.com xvi porn videos
hero hentai manga hosthentai.com hentai mom comics
قصص سكس اغتصاب محارم yourtubetop.com قصص نيك حموات