The start to FY24 growth is set to be on a strong note, with Acuité Research estimating Q1 FY24 to post a healthy GDP growth of 7.7% YoY. Once again, the quarter is expected to see the services sector outperform industry, though both are expected to post healthy expansion. A delayed start to this year’s Southwest monsoon and deflation in input prices on an annualised basis would buoy both mining and manufacturing sectors within the industrial sector. On the other hand, continued traction in contact-intensive services (especially those related to transport, hospitality etc.), steady growth in ITeS exports and a step up in construction activity, the latter driven by government’s consistent capex push would continue to power the growth of the services sector.