Poor monsoon could be a downside risk to the GDP estimate
A modest recovery seems to be ensuing for the Indian economy, as a Citigroup is expecting Indian economy to post higher 5.6% GDP growth in 2014-15, says a Citigroup report.The output and order pipelines have been affected by elections and political uncertainty and there could be a recovery in factory activity post elections as clarity emerges on the political front.
According to Citigroup, poor monsoon could be a downside risk to the GDP estimate, while a decisive election verdict could offset such risks to some extent.
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