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GDP May Slump To 5% In Dec Quarter, Says HSBC

GDP May Slump To 5% In Dec Quarter, Says HSBC

Friday, January 6, 2017, 6:03 PM

According to HSBC report, India's GDP is likely to have grown at a much slower rate, than the expected pace of 5% in the October-December period, due to a slowdown in manufacturing and services sectors, post demonetization. According to the global financial services major, activity data across manufacturing and services as well as consumption and investment have clearly taken a hit after November 8.
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