India: GDP growth expected to print at 7.0% Y/Y in Q4 - TDS

Analysts at TDS suggest that India’s GDP growth is expected by the consensus to print at 7.0% Y/Y in Q4, up from 6.3% in the prior quarter.

Key Quotes

“This should translate into full-year 2017 growth of 6.3%. However, we expect a modest downside surprise, with growth in Q4 at 6.8% Y/Y and in the full-year 2017 at 6.2%. Notwithstanding this risk, the positive note comes from accelerating household consumption and, on the supply side, an ongoing recovery in services as both macroeconomic shocks in 2017 and 2016 (i.e. demonetisation and GST implementation) have finally been digested.”