In an interview to CNBC-TV18, Samiran Chakraborty, MD & Chief Economist at Citi India shared his readings and outlook on the latest gross domestic product (GDP) numbers as well as the economy.
"What should we look at - the real GVA or the nominal GVA - and it seems that people changed their mind depending upon what suited them," said Chakraborty.
He said that nominal gross value added (GVA) is the best that we have seen in two-three years and that correlates with the fact that we saw a bit of a corporate earnings growth revision in this year.
According to him, private sector is a tad bit weaker than what the GDP data suggests.
"We are still looking at 7.5 percent increase in FY18. The broad hypothesis that we are working with is that the FY18 growth will be marginally higher than FY17 because of plethora of reasons", he added.
He further said that the broad macro trends are expected to play out in FY18.
He is looking at a 40 percent probability of an interest rate cut in June.
Watch accompanying video for more details.
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