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Mumbai : Office Snapshot - Q2 2013

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Mumbai : Office Snapshot - Q2 2013

The GDP growth rate in the first quarter of 2013 registered 4.8%, aggregating to an annual growth rate of 5.0% in 2012-2013, the lowest in the last decade. Similarly, the growth rate of the construction sector declined over the previous year by 1.3 percentage points to reach 4.3%. However, over the previous quarter, the construction sector saw significant improvement, with growth increasing from 2.9% to 4.4% at the end of first quarter 2013. During the second quarter of 2013, the Indian Rupee slid in value to a record low of INR 60.7 against the US Dollar. The depreciating Rupee will helpexports to be more competitive and aid exporters to bring up their profit margins.

Source : Cushman & Wakefield

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