Q4 growth has surprised most analyst, it has jumped to 7.9%. It is positive development given analyst were expecting 7.6%. But bigger unease is about the contribution of descrepencies, which is like 51%. So if we remove it, the growth fall to 3.9%.
Good news is consumer spending is increasing. And given 7th pay commision, OROP, and good moonsoon predicted, it should only improve. But can it be called roboust growth? Experts are not unanimously convinced. The investment has not picked up. and if takes another 2 years for Industry to be convinced about India, then they are staring at 2019 elections. And elections like anywhere, are fun in India.