Statsguru: Divorced from reality?

In the third quarter of 2016-17, gross domestic product (GDP) grew at a robust 7 per cent. But there is little evidence of a broad-based revival in economic activity. 

The index of industrial production (IIP) contracted by 1.2 per cent in February. Within the IIP, all major segments such as manufacturing, capital goods, consumer durables and non-durables have contracted. 

In the light of the recent economic data, HSBC Global Research expects FY18 gross domestic product (GDP) growth to be lower than what the Reserve Bank of India (RBI) is currently projecting. Despite this uncertain outlook, the stock markets in India