India’s Gross Domestic Product for the second quarter of the financial year 2021-22 jumped 8.4 per cent as compared to a 7.4 per cent contraction in the same period a year ago and was in line with the estimates of brokerages and analysts.
Seems to suggest that the output gap is not narrowing as swiftly,” Sandeep Bagla, CEO, TRUST Mutual Fund.
Similarly, Choice Broking Executive Director Sumeet Bagadia says, the market volatility may continue further amid third wave concerns of Omicron — a new variant of Covid-19.
segment which saw sharp increase in momentum as well as a favourable base effect,” Suvodeep Rakshit, Senior Economist, Kotak Institutional Equities said.
The growth numbers will unlikely play a differentiating factor for the RBI’s policy with its own estimate being at 7.9 per cent,” the market analyst said.