NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.Motilal Oswal ReportReal gross domestic product growth came in much higher than expected at 8.4% in Q3 FY24 versus 8.1% (revised higher from 7.6%) in Q2 FY24 and 4.3% in Q3 FY23 (revised lower from 4.8%). Q1 FY24 GDP growth has also been revised higher to 8.2% from 7.8%. Consequently, GDP growth for 9M FY24 stood at 8.2%. Higher-than-expected GDP growth was partly led by a downward revision in Q3 FY23 (to 4.3% from 4.8% earlier) and a very high growth in real net indirect taxes, led by lower subsidies. Details suggest that better growth was almost entirely driven by investments (12.2% in Q3 FY24, highest in six quarters versus 2.8% in Q3 FY23). On the other hand, private consumption growth remained weaker at 3.5% YoY in Q3 FY24 versus 1.8%/2.4% in Q3 FY23/Q2 FY24. At the same time, government consumption contracted 3.2% in Q3 FY24 versus growth of 7.1% in Q3 FY23. Discrepancies, however, added 3.5% to real GDP growth in Q3 FY24, which reflects the limitation of authorities to distribute GDP into consumption and investments properly, rather than raising doubts over the headline GDP growth. India's investment rate rose to 31.9% of GDP in Q3 FY24, better than 30.7% of GDP in Q3 FY23. India's net imports came in lower at 2.8% of GDP in Q3 FY24 versus 3.9% in Q3 FY23. Consequently, it is likely that domestic savings picked up to 29.1% of GDP in Q3 FY24 from 26.9% of GDP in Q3 FY23.Click on the attachment to read the full report:Government Hikes Windfall Tax On Crude Oil, Cuts Tax On DieselDISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.Users have no license to copy, modify, or distribute the content without permission of the Original Owner.