GDP Data News

In addition to the Q3FY25 GDP data, the government will also release the second advance estimate for the full-year GDP of FY25.

In June, July, August, and September, the FPIs bought stocks worth Rs 26,565 crore, Rs 32,365 crore, Rs 7,320 crore, and Rs 57,724 crore, respectively. 

India's economic performance in the first half of the fiscal year 2023-24 has positioned it as a positive standout on the global stage. The first quarter of FY24 witnessed an impressive 7.8% year-on-year growth in GDP, reflecting the country's economic strength.

In the first quarter, the Indian economy contracted 24.4 percent due to COVID-19 forced lockdown, and that heavily affected the manufacturing of essential goods and provision of essential services. With ease in lockdown from June 8, the scenario remained bleak as several service sector industries were shut down.

India's economic growth has slowed to 4.5 per cent in the July to September quarter from 7.1 per cent in the corresponding period of last year, said the government data on Friday (November 29). The slowdown in Q2 FY20 was largely due to a sharp dip in the manufacturing sector and agriculture output, said the Ministry of Statistics and Programme Implementation in a statement.

Reacting to the ''freefall in the national economy,'', Singh's party Congress too launched a blistering attack on the Narendra Modi government at the Centre for failing to wrest the decline in the economy.

Chief Economic Advisor KV Subramanian on Gross Domestic Product (GDP) data said "We are saying again that the fundamentals of the Indian economy continue to be strong. GDP is expected to pick in Quarter 3." 

According to the data released by the government, India's GDP grew at a measly 4.5 per cent in the July-September quarter of this fiscal. 

The benchmark indices ended marginally lower on Tuesday ahead of Gross Domestic Product (GDP) to be released on Wednesday.

The CPI-based retail inflation jumped to 5.21 percent in December on annual basis, as compared to 4.88 percent in the preceding month.

All the sectoral indices led by realty, auto and healthcare were trading in the positive zone with gains up to 1.29 percent.

The economy clocked a 6.1 per cent growth rate in the January–March period — its lowest pace of growth in the past nine quarters, mainly due to demonetisation.

India is set to hang onto its status as the world`s fastest growing major economy thanks to stronger consumer demand, if data due out later on Wednesday matches economists expectations for a 7.1 percent year-on-year expansion in the March quarter.

Showing signs of recovery, India's economic growth rate improved to 7.3 percent in July-September compared to 7.1 percent in April-June.  

India's economy may grow at a slightly slower pace of 7.4 percent this fiscal amid weaker global demand and risk aversion, says an HSBC report, flagging "methodological concerns" in computation of official GDP data.

Indian economy has been losing momentum since middle of financial year 2014-15, a new study says, citing corporate results and 'real economic indicators', while questioning the 'counter-intuitive' official GDP data.

The government, however, expressed confidence and forecast the annual economic growth to accelerate to 7.6 percent in the fiscal year ending March 2016.

Equities snapped a two-day rally as the market benchmark Sensex plunged by 330 points to 24,287.42 ahead of the release of GDP numbers for the third quarter as selling pressure intensified in the second half of the session on bearish European cues.

RBI monetary policy review on Tuesday, outcome of September quarter GDP data and developments related to GST Bill in the ongoing Winter Session of Parliament would drive the market sentiment this week, say experts.

With economic growth slowing to 7 percent in the April-June quarter, India Inc said on Monday the subdued performance indicates that the cost of capital needs to come down, demanding a rate cut by RBI.