Q4FY16 GDP expected at 7.6%, GVA at 7.3%

The fourth quarter FY16 gross domestic product (GDP) and gross value added (GVA), expected later today, are likely to meet the advanced estimates of 7.6 percent and 7.3 percent respectively. Agriculture data is expected to improve to 1.6 percent as against decline seen both year-on-year and quarter-on-quarter. Favorable rabi harvest and base effect will give the sector boost.Manufacturing, however, is unlikely to sustain at 12 percent. The estimates for manufacturing sector stands at 8.9 percent for Q4. Industries with construction are expected at 7.4 percent. Service, without construction, is expected at 9.1 percent as against 9.4 percent QoQ. Financial services are likely to remain flat. Watch video for more..