GDP Data For September Estimated At 6-6.2%

The September quarter GDP data is likely to improve on pick up in industrial activity after the dismal figures for the quarter ended June at 5.7%.

The GDP results due to be released On Thursday, November 30, 2017 is expected to show better number by some percentage points as the GVA or Gross value added growth is likely to see a bounce back due to favourable base effect.

Early festive season as well as restocking of goods posts the initial GST disruption is likely to augur well for consumption.

The purchasing manager's index or PMI, IIP data, improvement in exports as well as agriculture data has seen improvement in the quarter ended September.

Also a fair and sequential improvement in earnings number for the corporate is expected to offset to some degree the lower government spending.

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