Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Live: Live: Impact of Adani episode

Q4 GDP numbers on expected lines but lockdown pain yet to be seen: Experts

"The Q4 GDP data looks much better but there could have been some data problem given the lockdown started in last week of March," said Dharmakirti Joshi, Chief Economist at CRISIL.

May 29, 2020 / 09:31 PM IST

The Indian economy grew at 3.1 percent in March quarter of FY20 and the full-year growth came in at 4.2 percent against 6.1 percent in FY19.

Experts said the numbers are on expected lines and the full impact of lockdown will be felt in the coming quarters.

"GDP growth rate for Q4FY20 is in the expected line as growth was moving in a downward trajectory. The impact of COVID was limited in the last quarter of FY20, though the slowdown in global economic activities affected India as well," Deepthi Mathew, Economist at Geojit Financial Services, told Moneycontrol.

Experts feel the data could be revised given more than a week of lockdown in March. The GDP numbers for Q1, Q2 and Q3 of FY20 have already been revised downwards. The Q3FY20 GDP was revised to 4.1 percent (from 4.7 percent.