Strong Indian GDP Data Belies Economic Slowdown
Country Risk / India / Mon 04 Mar, 2024
Key View
- The economy grew by 8.4% y-o-y in Q4 2023 according to expenditure data but production data show a 6.5% rise in GDP instead.
- We are therefore not convinced that activity picked up and are sticking to our narrative that the economy is set to slow over the coming quarters.
- Prolonged Red Sea disruptions are a key downside risk to