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India’s GDP Growth in Q4 Seen at 7.4%: Icra

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India’s GDP Growth in Q4 Seen at 7.4%: Icra
Rating agency Icra expects GDP growth in January-March 2017-18 at 7.4% on account of good rabi crop harvest and improved corporate earnings, up from 7.2% in the third quarter. The Central Statistics Office (CSO) is scheduled to come out with GDP estimate for the fourth quarter of fiscal 2017-18 and provisional annual estimates for the year 2017-18 on May 31. As per Icra, the growth of the Indian gross value-added at basic prices in year-on-year terms is likely to record a considerable recovery to 7.3% in Q4 FY2018 from 6.7% in Q3 FY2018, thereby rebounding above 7% after a gap of five quarters. This revival in the fourth quarter, relative to the previous three months, is expected to be broad-based, supported by an uptick in industry (to 7.7% from +6.8%), agriculture, forestry and fishing (to 4.5% from 4.1%), and services (to 7.8%from +7.7%), it said.—PTI
The Economic Times, New Delhi, 22nd May 2018

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