India's third quarter GDP release..!? What to watch out for?

Sowmiya Sriram
India's third quarter GDP release..!? What to watch out for?

India's third-quarter results will be released today. It is expected to have a major impact on the market today. While the first quarter of the current financial year saw double-digit growth, the second quarter saw a growth of 6.3%. The April-June quarter saw a growth of 13.5%. Meanwhile, economic activity in the third quarter may be uneven. Growth is expected to moderate. However, major sectors including agriculture are likely to see good growth.
India's growth rate is expected to slow to 4.7% in the december quarter. It was 6.3% in the previous quarter. However, some experts have indicated that the economy may show further strengthening. They said that the growth in the december quarter may improve compared to the last year. The international economy has been a volatile one, with the recession continuing. This is not encouraging. Inflation, meanwhile, remains something to watch out for. So the indian economy is expected to grow by 4-4.5%.
Various brokerages have also predicted a decline in the GDP ratio. So this is something to keep an eye on. Most developed economies are also showing growth. So this also can have an impact on the market. Not only the third quarter but also the 4th quarter can face the growth impact.
This has further led to lower economic growth projections. Meanwhile, the growth rate in india in the current financial year is likely to be 6.5%.IGRA has forecast a GDP growth rate of 5.1% in the third quarter. However, it may reach pre-Corona levels. IGRA expects the growth rate to continue to increase.
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