After Union Budget Q3 GDP disappoints at 4.5%

Business

oi-Sunil

By Sunil Fernandes

Published: Thursday, February 28, 2013, 17:29 [IST]

The GDP figure for Q3 FY 2013 has come in at a shocking 4.5%, as against expectations of 5%. The figure for the previous quarter was 5.3 per cent.

The poor GDP numbers are likely to worry economists and analysts who are only grappling with a mediocre Union Budget 2013.

Q3 construction growth has come in at 5.8 per cent vs 6.7 per cent quarter on quarter. Electricity growth has come in at 4.5 % vs 3.4% quarter on quarter.

Poor GDP numbers are now likely to put pressure on the RBI to cut interest rates to push growth.

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