Consumption growth a bit better than last quarter but likely to remain weak overall: Aurodeep Nandi, Nomura

“Q3 consumption growth likely to lag. K-shaped recovery continues. Industrial sector expected to perform decently. Services sector should be fine. Agri sector not expected to contribute significantly. Trade, hotel, transport, and communication may be affected. Construction sector momentum may slow down. The financial service, real estate, professional services should be relatively fine, that should be relatively strong in this quarter. ”