GDP growth to slow to 6% in Q1, says HSBC

The Hindu - - BUSINESS -

For­eign bro­ker­age HSBC on Wed­nes­day es­ti­mated GDP growth slow­ing down to 6% for the April-June pe­riod, as against the 6.1% in the pre­ced­ing quar­ter, but said GVA growth should be the num­ber to watch hereon. “Reper­cus­sions of an early bud­get and the newly im­ple­mented Goods and Ser­vices Tax (GST) rates, re­ceipts and re­bates are likely to dis­tort up­com­ing GDP read­ings,” it said in a note.

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