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Will positive GDP data for December quarter rescue D-Street from bears on Monday?

The GDP data does indicate that there is still a pain in certain sectors and investors should bet more on stocks towards the manufacturing side than services, suggest experts.

February 28, 2021 / 02:07 PM IST

The December quarter GDP data which was released post-market hours on Friday gave a sigh of relief to economists as the economy returns to growth but it missed most analyst estimates.

India's gross domestic product (GDP) in the third quarter of FY21 rose marginally at 0.4 percent, reaffirming that the economy is back on track thanks to the stimulus packages by the government last year.

In FY21, the GDP is now expected to shrink by a slightly larger margin of 8 percent, according to the government's updated official forecast, as per official data released by National Statistical Office.