1 September 2023 Emerging Asia Monitor The Strength of India's Q2 GDP is Only Skin-Deep

GDP growth in India leapt to 7.8% in Q2, as widely expected, but discrepancies flattered massively.
Consumption was the only real bright spot on a quarterly basis; this strength will buckle in H2.
More moderate capex growth is also in store, as companies still have enough capacity and stock.

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