In the brief note, we dissect the recently disclosed GDP data to conclude whether the more dismal prospects have imposed over our moderately optimistic stance. In this brief note, we dissect the recently disclosed GDP data to conclude whether the more dismal prospects have imposed over our moderately optimistic stance.  We have analysed not only the GDP statistic itself, but also related drivers such as consumption, real estate, investment, etc., and risks, as well as the potential impact of monetary policy.