Adani Enterp. 2537.45↑61.85(2.50%)
Adani Ports 724.50↑6.25(0.87%)
Apollo Hospitals 4568.15↑31.70(0.70%)
Asian Paints 3123.55↑22.05(0.71%)
Axis Bank 921.05↑3.35(0.37%)
B P C L 363.30↓0.00(0.00%)
Bajaj Auto 4644.00↑126.40(2.80%)
Bajaj Finserv 1427.35↑0.90(0.06%)
Bharti Airtel 822.70↑21.30(2.66%)
Britannia Inds. 4563.30↑43.50(0.96%)
Cipla 945.45↑7.45(0.79%)
Coal India 240.05↓-0.95(-0.39%)
Divi's Lab. 3435.65↑52.50(1.55%)
Dr Reddy's Labs 4503.95↓-15.30(-0.34%)
Eicher Motors 3651.50↑40.60(1.12%)
Grasim Inds 1701.35↑1.00(0.06%)
H D F C 2647.40↓-24.35(-0.91%)
HCL Technologies 1116.00↑4.05(0.36%)
HDFC Bank 1609.60↓-6.20(-0.38%)
HDFC Life Insur. 572.05↑6.05(1.07%)
Hero Motocorp 2732.80↓-5.90(-0.22%)
Hind. Unilever 2597.25↓-17.70(-0.68%)
Hindalco Inds. 404.25↓-2.65(-0.65%)
ICICI Bank 939.85↓-0.80(-0.09%)
IndusInd Bank 1263.40↓-8.35(-0.66%)
Infosys 1304.35↑5.70(0.44%)
ITC 441.15↑7.65(1.76%)
JSW Steel 696.65↑0.65(0.09%)
Kotak Mah. Bank 1929.95↑19.60(1.03%)
Larsen & Toubro 2204.70↑19.55(0.89%)
M & M 1277.80↑2.10(0.16%)
Maruti Suzuki 9281.85↑11.10(0.12%)
Nestle India 21474.90↑94.30(0.44%)
NTPC 174.50↓-0.45(-0.26%)
O N G C 166.00↓-0.25(-0.15%)
Power Grid Corpn 237.95↑2.15(0.91%)
Reliance Industr 2439.95↓-0.30(-0.01%)
SBI Life Insuran 1177.35↑2.00(0.17%)
St Bk of India 581.25↓-1.45(-0.25%)
Sun Pharma.Inds. 945.00↓-7.15(-0.75%)
Tata Consumer 780.30↑9.15(1.19%)
Tata Motors 514.85↓-5.35(-1.03%)
Tata Steel 104.85↓-0.35(-0.33%)
TCS 3293.50↓-9.85(-0.30%)
Tech Mahindra 1098.10↓-0.65(-0.06%)
Titan Company 2707.95↑0.70(0.03%)
UltraTech Cem. 7621.75↓-32.05(-0.42%)
UPL 675.80↓-6.45(-0.95%)
Wipro 394.10↓-5.60(-1.40%)

Taking a look at some high-frequency indicators for January-February

CEA V Anantha Nageswaran had said that to get to 7 percent GDP growth in FY23, the January-March quarter will have to register a 5.1% real GDP growth

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4 min read Last Updated : Mar 21 2023 | 6:13 PM IST

When the October-December quarter official gross domestic product (GDP) growth figures came in at 4.4 per cent – below market expectations – it cast some doubts over whether the economy would grow at 7 per cent in the current financial year (FY23), which was the official advance estimate by the National Statistical Office.

Chief Economic Advisor V Anantha Nageswaran had said that to get to 7 per cent GDP growth in FY23, the January-March quarter (Q4) will have to register a 5.1 per cent real GDP growth. “Even if we get 4.4 per cent in Q4, the same as Q3, the growth for FY23 will be 6.8 per cent, which is well within the statistical margin of error,” he had said.

Nageswaran had also argued that the October-December (Q3) headline print would be revised upwards as many high-frequency indicators had shown strong year-on-year growth. Business Standard had, in an earlier piece, taken a l