Economist

Richard Iley

Macroeconomics

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<p>There's nothing worse than a hangover that you just can't shake off.  India's Q3 GDP data showed definite improvement but still retained a somewhat unhealthy pallor with the after effects of de-monetisation and GST roll-out on growth momentum still lingering. </p>
<p>The headline number to focus on - Gross Value Added (GVA) at basic prices - improved to 6.1% y/y vs. Q2's desperately weak 5.6 y/y outturn. The pick up ends a run of five successive quarters of slowdown. </p>
<p>The brightest news in the report was…</p>
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There's nothing worse than a hangover that you just can't shake off.  India's Q3 GDP data showed definite improvement but still retained a somewhat unhealthy pallor with the after effects of de-monetisation and GST roll-out on growth momentum still lingering. 
The headline number to focus on - Gross Value Added (GVA) at basic prices - improved to 6.1% y/y vs. Q2's desperately weak 5.6 y/y outturn. The pick up ends a run of five successive quarters of slowdown. 
The brightest news in the report was…


Chart of the Day: Lingering Hangover