According to government figures released on Wednesday, the economy outperformed forecasts by growing by 6.1 per cent in the January-March quarter, a considerable increase over the previously reported growth of 4.5 per cent.
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
India's economy grew 6.1 per cent in the January-March (Q3) 2023, data released by the National Statistical Office (NSO) on Wednesday showed. The GDP growth of the country was 4.4 per cent in the October-December (Q3) 2022.
BSE 30-share Sensex lost 262 points to 62,706.71 and NSE Nifty 50 dropped 69 points to 18,565.35 in morning trade on Wednesday. Some of the gainers on NSE Nifty were HDFC Life, Sun Pharma, Asian Paints, HCL Tech and Eicher Motors.
Talking about the coming week, Ajit Mishra, Vice-President Research, Religare Broking, said, "The coming week marks the beginning of the new month also so participants will be eyeing high-frequency data viz. auto sales, manufacturing PMI and services PMI data. Before that, the GDP data, sche
The statistics of the growth rate of the national economy of Pakistan during the current fiscal year released by the National Accounts Committee are shocking. The target of GDP growth rate for the current financial year was set at 5 per cent. However, the actual growth has been reported to b