Finance Ministry Sees India’s Q2 Economy On Strong Footing As Domestic Activity Holds Firm

India’s economy is expected to maintain its momentum in the second quarter, with the Finance Ministry’s September economic review pointing to continued economic activity and a position of strength. The review highlights the resilience of domestic activity and the positive outlook for the economy, while also noting external risks and the outlook for the rabi crop. Gaurav Bissa, Senior Vice President, Equity Advisor, InCred Capital, shares his expectations for the economy and key sectors. He sees signs of improving activity, with consumption and FMCG expected to see a revival, while banking activity could also strengthen as the domestic growth outlook remains positive.