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Ahmedabad, India : Office Snapshot - Q4 2013

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The Indian economy gained some momentum during the July-September quarter of FY2013-14 as the GDP growth rate was recorded at 4.8%, compared to 4.4% witnessed during the preceding quarter. Similarly, the activity in the construction sector also picked up and registered a growth of 4.3%, compared to 2.8% in the last quarter.

During its mid-quarter policy review in October, the Reserve Bank of India raised the Repo Rate by 25 basis points to 7.75% to tame inflation that has been inching higher, as the Wholesale Price Index (WPI) rose from 4.6% in May 2013 to a 14-month high of 7.5% in November 2013.

Source : Cushman & Wakefield