After Union Budget Q3 GDP disappoints at 4.5%

Posted By:
Subscribe to GoodReturns

After Union Budget Q3 GDP disappoints at 4.5%
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.

GoodReturns.in

Read more about: q3 gdp
Story first published: Thursday, February 28, 2013, 17:29 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC