GDP numbers marginally disappoints: Angel Broking

Mr.Vaibhav Agrawal (Head of Research and ARQ): “The GDP estimates that came in today clearly shows the impact of the demonetisation. The real GDP for the fourth quarter expanded at 6.1% as against market estimates of 7.1%. The Gross Value Added (GVA) expanded at 5.6% versus market estimates of 6.7%. The full year GDP grew by 7.1%, in line with the consensus expectations. GVA for the full year stood at 6.6%, which was already indicated by the CSO earlier as 6.7%. While numbers are subdued we believe that this was expected after demonetisation. We do not expect demonetisation impact to spill over in FY18 as multiple sectors are showing signs of recovery as well as a positive thrust from the normal monsoon.”