Latest News
-
Rs 7/Share Dividend: May 3 Fixed As Record Date; Buy The Large Cap Stock To Be Eligible? -
EMS Stocks Buzz: 4 ELECTRONIC Stocks From Rs 400-2500 To Buy For 17-35% Potential Upside; Who Are They? -
10 Bonus Shares, 1:2 & 1:5 Splits; Smallcap Steel Stock Below Rs 15, Falls 10% In 5 Days; Plans FPO Ahead -
SBI, BoB, Canara: 5 PSU Bank Stocks To Buy, Motilal Top Picks; 1 To Split In 5 Shares For First Time Soon -
Highest Dividend In 2023 In History: Multibagger Refineries PSU To Mull Dividend On April 24 -
7:1 Bonus, 1:10 Split: At Rs 3.5, NBFC Penny Stock Hits Back-To-Back Lower Circuits; Big Announcement Soon -
Meta's Board Requests Public Views on AI Images of Celebrities -
Microsoft Pledges $1.5 Billion in UAE's AI Firm G42 to Boost Global Digital Infrastructure -
Yellen Cautions on Economic Fallout from Iran-Israel Tensions, Eyes More Sanctions -
ZEEL Calls Off Merger With Sony, Withdraws Application from NCLT
India's Q1 2017-18 GDP Slows Sharply To 5.7%
The Indian Gross Domestic Product or GDP, which marks a measure of growth for the economy slumped to 5.7 percent in April-June, sharply lower than last year's 7.9 percent expansion in the same quarter. It was also slower than the 6.1 percent growth in January-March.
The GDP numbers now show that growth has slowed largely on account of Demonetization and the implemenation of the Goods and Services Tax. Data released on Thursday by the Central Statistics Office (CSO) showed that the nations "real" or inflation-adjusted GDP growth is nowhere close to returning to the 8 percent growth, that was seen in 2015-16.
Today's GDP estimates means that India is now behind China, and it would take some catching-up to do for the nation to bounce back. Indian stock markets may open lower given the weakish set of GDP numbers.
GoodReturns.in
