Angel Broking - 4QFY2013 GDP Growth

[Rajesh Desai]

Dear All,

 

Forwarding you the GDP Data Analysis for 4QFY2013.

 

Real GDP growth at 4.8%, in line with expectations

 

Real GDP growth for 4QFY2013 came in at 4.8%, in line with our as well as market expectations, as against 4.7% in the previous quarter and 5.1% in 4QFY2012.

 

Growth in the services sector has decelerated to 6.6% the lowest in about 4 years resulting in a sub-5% reading for GDP growth for the second consecutive quarter. 

 

While 3QFY2013 GDP growth has been revised upwards to 4.7% from 4.5% estimated earlier, GDP growth in the three preceding quarters has been revised slightly downwards.

 

Overall for FY2013 as a whole, real GDP growth stands at a decadal-low of 5% as compared to 6.2% during FY2012.

 

Ob the demand-side, GDP at market prices has slumped to 3.2% as growth in consumption, investment as well as exports has more than halved as compared to FY2012.

 

We believe growth has bottomed out in 3QFY2013 and we expect a gradual pick up with recovery in consumption as well as investment to about 5.8% in FY2014.

 

Kindly click on the following link to view the Report.

 

4QFY2013 GDP Growth

 

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With best regards,
Fundamental Advisory Desk
Angel Broking
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Disclaimer: Ours is an advisory role. The final decision and consequences based on our information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice.

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CA. Rajesh Desai