India Q1 GDP data to be released today: Estimated range 13% to 15.7%
According to rating agency ICRA the Gross Domestic Product (GDP) is expected to grow at 13 per cent, while State Bank of India in its report pegged the growth rate at 15.7 per cent.
India's GDP data for the April-June quarter of this fiscal year, gauging the country's economic growth, will be released by the National Statistical Office (NSO) later this evening.
The data would elaborate on the expansion of different sectors like agriculture and manufacturing in the first quarter of this financial year.
Many analysts believe the Indian economy will expand at a double-digit growth rate due to base effect.
According to rating agency ICRA the Gross Domestic Product (GDP) is expected to grow at 13 per cent, while State Bank of India in its report pegged the growth rate at 15.7 per cent.
Last year, the GDP growth rate was 20.1 per cent in the April-June quarter.
Earlier this month, in its monetary policy meeting, the Reserve Bank of India (RBI) said the GDP growth rate is likely to be around 16.2 per cent in the first quarter of this fiscal year.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
01:28 PM IST