India: Q4 GDP expected to slow to 7.1% Y/Y - TDS

Research Team at TDS, expects India’s Q4 GDP growth by the consensus to slow slightly to 7.1% Y/Y from a prior 7.4%.

Key Quotes

“As a result of slackening agricultural and industrial growth, though we would expect a slightly better 7.2%. The 2016/17 budget, due on 29 Feb, is likely to contain steps to accelerate economic growth and maintain discipline, enough to allow the RBI to ease again before mid-year. In any event, in our 2016 projections, India remains the fastest growing of the major EM economies.”