GDP preview: Strong growth seen in Q4 on services rebound, pvt investment

While consumption recovery remains strong in urban areas, the rural market is also showing nascent sign of recovery as real wage growth turns positive

India’s economy, in the January-March quarter  of 2022-23 (Q4FY23), is expected to show much-improved growth on sequential and year-on-year bases, primarily driven by the manufacturing and services sectors reflecting improved consumption trends, and an encouraging rise in private investment, according to analysts.
 

For Q3FY23 (October-December), GDP growth came in at 4.4 per cent; it was 4 per cent in Q4FY22. The official print for Q4FY23 and full FY23 will be released by the National Statistical Office on Wednesday.
 

“SBI’s model — based on 30 high-frequency indicators from key sectors and tuned/trained to project GDP numbers — forecasts quarterly GDP growth