Tag Archives: GDP

Modi’s new government formation, GDP data likely to drive market this week

Mumbai: The formation of the new government at the Centre along with GDP data and derivatives expiry will dictate the trends of the Indian equity market in the coming week. The BJP-led National Democratic Alliance (NDA), which comprehensively won the just concluded Lok Sabha elections, will soon form the new government and appoint key Union Ministers. “Now the focus of the market should be on economic growthcycle besides ... Read More »

Global Economy Week Ahead: U.S. GDP Revisions and Other Data

The U.S. Commerce Department releases personal consumption data this week,a measure of household spending on everything from hospital stays to groceries. PHOTO: SCOTT OLSON/GETTY IMAGES In the week ahead, the U.S. Commerce Department releases second-quarter gross domestic product revisions and July personal-income figures. Overseas, Brazil will see second-quarter gross domestic product data and China will release factory-activity numbers. Wednesday: The Commerce Department ... Read More »

China’s 2017 GDP Accelerates For The First Time In Seven Years

China’s GDP grew 6.8 percent in the December quarter from a year earlier Beijing: China’s economy grew faster than expected in the fourth quarter of 2017, as an export recovery helped the country post its first annual acceleration in growth in seven years, defying concerns that intensifying curbs on industry and credit would hurt expansion. The official growth figures released on ... Read More »

Economy on revival mode amid sprouts of green shoots in many sectors; all eyes on FY18 GDP estimates on Friday

How do you spot an economic revival? The earliest signs are visible on the highways. Are there more lorries on expressways ferrying goods across states? Latest data show truck sales grew at a robust pace in December, a sign that transport companies are buying more vehicles to rapidly move goods to meet growing consumer demand. Sample this. Homegrown auto major ... Read More »

Demonetisation: Economy shaken, GDP hurt, trust in govt undermined

NEW DELHI: While the immediate impact of demonetisation was seen in the long queues outside ATMs and felt through acute cash shortage, its anniversary is an appropriate vantage point to assess the less visible and generalised effect on the economy of what was easily the most disruptive measure post-Independence. The difficulty in making a cost-benefit analysis is that the move was not purely economic, ... Read More »

5.7% GDP growth in Q1 matter of concern, says Arun Jaitley

Finance minster Arun Jaitley on Thursday attributed the lower GDP numbers to pre-GST destocking of goods and expressed hope that the economy will grow at 7 per cent, saying manufacturing has bottomed out. He further said that improvement in the global economy and good monsoon will aid GDP growth in the coming quarters which ought to be better if the country is ... Read More »

Experts Views On GDP Numbers In June Quarter

Mumbai: India’s economy grew a much slower-than-expected 5.7 percent in the three months through June from a year earlier, down from a provisional 6.1 percent in the previous quarter, government data showed on Thursday. Analysts polled by Reuters had forecast annual growth of 6.6 percent in the quarter. COMMENTS: ABHISHEK UPADHYAY, ECONOMIST, ICICI SECURITIES PRIMARY DEALERSHIP LTD, MUMBAI “The outturn ... Read More »

India’s June Quarter GDP Growth Seen At 6%: HSBC

New Delhi: India’s economic growth is likely to remain “soft” and the GDP is expected to grow by 6 per cent in April-June, down from 6.1 per cent in the preceding quarter, according to a report by global financial services major HSBC. Higher private consumption and government spending is likely to be “dulled” by weak investment and exports growth over ... Read More »

GDP Growth Seen Picking Up To 6.6% In Q1 But GST A Hurdle: Poll

Bengaluru: The country’s economic growth likely accelerated to 6.6 per cent in the quarter just ended, but analysts polled by Reuters are sounding increasingly worried that confusion over the Goods and Services Tax (GST) will dampen activity in coming months. The forecast, from a survey of over 40 economists taken over the past week, compares with growth of 6.1 per ... Read More »

GDP Data Today, India To Remain Fastest Growing Economy: 10 Points

India likely remained the fastest growing major economy in the world last quarter. HIGHLIGHTS Lower interest rates have helped support economic growth, say economists Economists predict Indian economy grew 7.1% annually in March quarter Factory and services activity expanded for most of the first quarter of 2 India likely remained the fastest growing major economy in the world last quarter, ... Read More »