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India | Q1 2013 GDP meets subdued expectations, making another 25 bps rate cut more likely

Viernes, 31 mayo 2013

India | Q1 2013 GDP meets subdued expectations, making another 25 bps rate cut more likely

As expected, India’s 1Q13 GDP growth inched up to 4.8% y/y (BBVA: 4.7%, Consensus: 4.8%) from an upwardly revised 4.7% (4.5% previously) in 4Q12 on favorable base effects and a modest pick up in industrial activity, which offset sluggish services and agriculture growth.

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