Fitch Ratings cut India's GDP growth estimate by 10 basis points to 6.4 per cent for the current fiscal.
The softening of CPI inflation will boost India’s private final consumption expenditure, the largest component of the GDP, industry leaders said on Tuesday.
India’s automotive industry is a cornerstone of the nation’s manufacturing and economic growth, contributing 7.1 per cent to India's GDP.
India's domestic demand is showing signs of recovery, supported by several positive developments, according to a recent report by Crisil.
“The US is one of India’s largest trading partners, so a 26 per cent tariff hovering over imports of Indian goods will heavily impede the trade balance,” Moody’s Analytics said.
A decade after steadily decline in investment to GDP, capex has emerged as a key growth driver in India, global brokerage, Morgan Stanley said.
Venezuelan Vice President Delcy Rodriguez has said the US sanctions against the country have caused losses of nearly $700 billion in GDP.
Giving a positive signal towards India’s growth story, the Crisil Ratings on Wednesday projected India's GDP growth at 6.8% in the next fiscal.
With global headwinds fading, the Indian economy should be able to comfortably register 6-7 per cent real GDP growth, it added.
The massive 350-point rally in the Nifty on Friday was primarily driven by the far better-than-expected Q3 GDP numbers which came at 8.4 per cent year on year, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
