India's GDP not a shocker for the markets
Markets ended the month with a bang. Inflation cooled and GDP wasn't much of a shocker but has the market started re-rating India. NDTV conducted a poll of 15 economists and market participants. Two-thirds said that the GDP figures hold no surprise while the rest felt it was below expectation. Majority felt that the industrial sector is the biggest problem followed by agriculture and 65 per cent felt that the slowdown has come at an expected time.
