Indian stock markets opened on a positive note on the last trading session of August, following a global rally in stocks after the strong GDP numbers of the US economy.
As the Indian government prepares to release its GDP data for the first quarter (April-June) of FY 2024-25 on Friday, the expectations are mixed amid various economic factors.
The services sector is expected to be the primary driver of GDP growth in Q1 FY25. Despite reduced government spending ahead of the elections, which is likely to dampen growth in some service sectors, financial, real estate, and professional services are expected to have performed well.
Ahead of the official release of the first quarter GDP growth numbers for FY25 on August 30, a report by the Union Bank suggests the GDP rate to be moderated at around 6.7 per cent.
The increase in government capital expenditure and private sector investments has catalysed India's infrastructure overhaul.
India's infrastructure development has seen unprecedented progress over the past decade, driven by substantial capital spending from both government and private sector
In a volatile trade, Indian stock indices - Sensex and Nifty - closed Tuesday's session largely on a steady note. The indices started the day flat and later oscillated between red and green, but closed with marginal gains.
Indian economy is expected to grow at 7.0-7.1 per cent in the April-June period, the first quarter of 2024-25, SBI Research said in a report, days before the government would release official data. As a caveat, its growth forecast comes with a downward bias.
Taking a jibe at RJD leader Tejashwi Yadav, election strategist-turned-politician and Jan Suraaj chief Prashant Kishor said it is laughable when Tejashwi Yadav discusses the development model, as the person whose party was in rule for 15 years (in Bihar) doesn't know what GDP and growth r
Going ahead into next week, GDP updates will be eagerly awaited, notably including from India (August 30) and the US, S&P Global Market Intelligence said in its weekly report Week Ahead Economic Preview. Inflation readings out of the US and eurozone will be the highlights in the coming w
The Foreign Portfolio Investors (FPIs) turned net buyers in Indian financial markets, with net inflows amounting to USD 10.8 billion in June and July 2024 after witnessing outflows in the first two months of Financial Year (FY) 25, the monthly economic review of the Department of Economic Af
GST collections in the initial months of FY25 have seen a notable surge, driven by a broader tax base and heightened economic activity. This level shift in GST collections reflects sustained economic engagement, bolstered further by a double-digit increase in e-way bill generation, indicatin