To understand the Q4 results, one must first understand how the broad macros for FY2019 will pan out as that will set the tone for the quarterly results. The real GDP growth is expected to be in the range of 7.1-7.2 per cent for the full year, with the fourth quarter growth being relatively lower. While average inflation at around 3.6 per cent will be positive and under the RBI benchmark of 4 per cent, the Current Account Deficit (CAD) at 2.6 per cent is likely to be a matter of concern. At the time, the Indian corporates must contend

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