Viewpoint Podcast - Ep 2: GDP Expectations for the Year Ahead
Show Notes
We are expecting a recovery in household spending and it's a hopeful site. If you see all critical components of growth such as investment, exports, manufacturing and construction output and services output, all of them printed a +7 percent growth in first quarter. We think India can sustain a seven percent growth through all quarters of FY 25. Capex momentum should stay healthy through FY 25 unless there is a sudden sharp blow to global growth, and this obviates the urgency to cut rates in India very quickly. Despite changing FED ray. RBI can be a bit more patient.Transcript
00:00 - 00:02
[on-hold music]
00:04 - 00:47
We are expecting a recovery in household spending, and it's a hopeful sign. If you see all critical components of growth such as investment, exports, manufacturing, and construction output and services output, all of them printed a plus seven percent growth in first quarter. We think India can sustain a seven percent growth through all quarters of FY twenty-five. CapEx momentum should stay healthy through FY twenty-five unless there is a sudden sharp blow to global growth. And this obviates the urgency to cut rates in India very quickly despite changing Fed rhetoric. RBI can be a bit more patient.
00:48 - 00:53
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