Mon, Dec 02, 2024
India's economic growth slowed to near two-year low of 5.4 per cent in the July-September quarter of this fiscal due to poor performance of manufacturing and mining sectors as well as weak consumption.
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What does India's latest GDP reading mean for the economy? Is it in line with the Q2 corporate earnings? Can you expect a recovery in the rate of economic growth going forward? Read on to learn more about these aspects as India waits the calendar year's last RBI policy statement due on December 6.
Sun, Dec 01, 2024
The Central GST collection stood at Rs 34,141 crore, State GST at Rs 43,047 crore, Integrated IGST at Rs 91,828 crore and cess at Rs 13,253 crore, according to government data released on Sunday.
Thu, Mar 02, 2017
What is hard to believe in the given GDP numbers was the performance of cash-dominated sectors where analysts expected a significant slowdown post demonetisation, but has seen uptick compared to Q2FY17.
Wed, Mar 01, 2017
Analysts at HDFC Securities said, "Domestic market could react to better GDP numbers, along with auto sales data that is set to be released today. Realty and Metal is expected to trade in positive zone, while Auto and FMCG sectors are likely to trade in the negative zone. Crucial support for Nifty is at 8850 level, while strong immediate resistance is at 8950."
Tue, Feb 28, 2017
Soon after the announcement of the ban on Rs 500 and Rs 1000 notes, the experts and economists, who were expecting GDP around 7.6% revised the numbers to below 7%.
On Monday, BSE Sensex closed at 28,812.88, down 80.09 points or 0.28%.
Mon, Feb 27, 2017
The First Advance Estimates of National Income, 2016-17, did not take into account the impact of demonetisation.
Wed, Aug 31, 2016
The shares of Reliance Industries closed at Rs 1058 per piece, down 0.73%, or Rs 7.80.
Looking at the prediction, India Inc hopes for a slight pick-up in GDP (Gross Domestic Product) this fiscal between the range of 7.5%-7.8%.
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