Q3 GDP numbers: Taking a look at some high-frequency indicators

The govt contends that Q3 GDP will be revised upwards. Many experts believe rural economic growth is still slow. Data shows both could be right

After the October-December 2022 (Q3FY23) gross domestic product (GDP) came in below market expectations last week, Chief Economic Advisor V Anantha Nageswaran said that the figures came across as tepid only due to revisions made in earlier years, and had to be analysed in that context.

Interacting with reporters in multiple days following the release of the official data, Nageswaran said, “Given the high-frequency data that we have been seeing, and their pace of recovery, it is likely that data for the current year’s third quarter will undergo upward revision,” and added that the latest data is based on incomplete