More than estimated GDP numbers in India, sustained foreign buying, and the US House of Representatives has passed the US debt ceiling bill indicating that the debt impasse will be resolved and will put less pressure on its economy are some of the major reasons which supported the stocks
In this regard, Jairam Ramesh took to Twitter and said, "The economy is not a film like QSQT--Quarter Se Quarter Tak. There is absolutely no cause for cheer in today's GDP numbers. They will be spun, but deep structural problems on the double engines of investment and consumption remain."
Retail inflation or (Consumer Price Index) peaked at 7.8 per cent in April 2022 to an 18-month low of 4.7 per cent in April 2023, driven by a reduction in food and core inflation. In some advanced countries, inflation had in fact touched a multi-decade high and even breached the 10 per cent
In a virtual briefing on the GDP numbers, CEA said, "We maintain as we have mentioned in the economic survey, the growth forecasts are 6.5 per cent for 2023-24. If you look at where we are, in terms of the advanced estimates, manufacturing on the face of it appears to have slowed down in rea
Mumbai (Maharashtra) [India], December 24 (ANI): India Ratings and Research (Ind-Ra) on Thursday revised its expectation for India's FY21 gross domestic product (GDP) growth to negative 7.8 per cent from negative 11.8 per cent due to easing of Covid-19 headwinds and better-than-expected 2Q F
New Delhi [India], November 27 (ANI): With the contraction of the Indian GDP by 7.5 per cent in July to September quarter (Q2 FY21) from 23.9 per cent contraction witnessed in April-June quarter, PHD Chamber of Commerce and Industry on Friday said meaningful reforms undertaken by the governm
New Delhi [India], November 27 (ANI): With the contraction of the Indian GDP by 7.5 per cent in July to September quarter (Q2 FY21), Chief Economic Advisor (CEA) KV Subramanian on Friday said sharp recovery can be seen in the manufacturing sector but given the uncertainty, it would be diffic
Mumbai (Maharashtra) [India], November 27 (ANI): Ahead of the Q2 GDP numbers on Friday evening, the Indian equity benchmark indices were trading flat on Friday afternoon.
Singapore, July 20 (ANI): The Singapore Ministry of Trade and Industry recently released advanced estimates of the city-state's GDP numbers for the second quarter of 2020. The data confirmed the brutal impact of the COVID-19 pandemic on the economy.
Mumbai (Maharashtra) [India], Mar 2 (ANI): Equity benchmark indices reversed last week's losses during early hours on Monday as investors got some respite as GDP numbers were slightly ahead of estimates with green shoots on the manufacturing side seeing better traction.
New Delhi [India], Jan 8 (ANI): A day after the government released first advance estimates of GDP numbers for the current financial year (2019-20) pegging the growth at 5 per cent, former finance minister and senior Congress leader P Chidambaram on Wednesday said that the projected annua
New Delhi [India], Jan 7 (ANI): The government on Tuesday released first advance estimates of GDP numbers for the current financial year (2019-20) pegging the growth at 5 per cent.