India Macroeconomic & Q1 GDP Sectoral Update
Macro Highlights
- GDP: Highest in last 5 quarters
- Inflation: Well below target range
- Sovereign Rating: Upgrade
- Corporate Rating: Upgrade
- Rate Cuts: Implemented
- Monsoon: Very Good
- Private Capex: Highest
Q1 GDP – Sectoral Growth
- Agriculture: 3.7% vs 1.5% ↑ Improved
- Manufacturing: 7.7% vs 7.6% ↑ Stable strong
- Construction: 7.6% vs 10.1% ↓ Slight moderation
- Trade, Hotels, Transport: 8.6% vs 5.4% ↑ Strong jump
- Financial & Real Estate: 9.5% vs 6.6% ↑ Robust expansion
- Public Admin & Services: 9.8% vs 9% ↑ Strong growth
- Mining: –3.1% vs 6.6% ↓ Sharp contraction
- Electricity: 0.5% vs 10.2% ↓ Severe slowdown
Key Takeaways
India’s economy shows a strong macro backdrop with GDP growth, low inflation, and rating upgrades. Sector-wise, Trade, Financials, and Public Services are expanding robustly, Manufacturing is stable, Construction shows slight moderation, while Mining and Electricity face notable slowdowns.
Written by Indian-Share-Tips.com, which is a SEBI Registered Advisory Services