FY22 GDP estimates: Weak patches start to appear

The 8.9 per cent GDP growth in FY22 (9.2 per cent prelim estimates) partly also captures past revisions

Q3FY22 growth disappoints, led by manufacturing

Surprising the street, India’s economic expansion slowed to 5.4 per cent Q3FY22, depicting concoction of unfavourable base effect and consolidation of activity. The industrial sector led the slowdown where growth was sharply slower in manufacturing, partly owing to supply chain disruptions, led by auto sector and sequential easing in corporate profitability. Construction, on the other hand, contracted, wh­ile mining also slowed. Electr­icity demand remained resilient amid decent mobility level and freight traffic movement, while power consumption also held up well. Uneven monsoon and wea­ker rural demand implied agricultural growth weakened fur­ther to 2.6%. Services clearly