In search of green shoots

Key economic indicators do seem to suggest that a recovery is on the cards

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Data for gross domestic product (GDP) growth in the April-June quarter of this financial year, to be released on Friday, will be keenly watched for the so-called green shoots of recovery. While many expect the growth rate for the period to be higher than those in the first quarters of previous years, there is a wide variance in forecasts. At the lower end of the spectrum is Moody’s estimate of 5.1 per cent growth rate, while Japan’s Nomura expects a 5.9 per cent expansion. Business Standard takes a look at the various forecasts and some of the key macroeconomic indicators: