Fairval

Notes on Indian equities, sectors and economy

GDP estimates coming down

Posted by fairval on December 6, 2008

Broking analysts are waking up. This blog has been saying for a while that both government and broking estimates for GDP are too high. Even 2 months ago, the lowest estimate we had seen was around 6.5% for FY09, when we were talking of GDP growth falling below 6%.
Now it seems, this blog isnt alone. Rest of Indian analyst fraternity is catching. Mint yesterday had this excellent table, listing estimates of various broking houses.Bearishness is clearly increasing, tho the numbers high up in the table are still rooted in the past.

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