India Q3 Gdp

The country's gross domestic product (GDP) is likely to grow at 5.8 per cent in the third quarter of fiscal 2022, according to an SBI's research report - Ecowrap.

The November 22-25 poll of 44 economists put the median year-on-year growth forecast at 8.4 per cent in the July-September period.

Attacking the government over the state of the economy, the Congress on Friday said the people have been hit by the "double whammy" of low growth and high inflation for which the Modi government's "gross mismanagement" is responsible.

The agriculture and industrial sectors witnessed growth in the October-December quarter of the current fiscal, while the contact intensive services sectors registered de-growth

The economy exited recession after two consecutive quarters of contraction as the gross domestic product growth expanded by 0.4 per cent in the October-December quarter

Six indicators witnessed an improved year-on-year performance in January 2021, compared to December 2020, viz., non-oil exports, rail freight traffic, diesel consumption etc

In its Monetary Policy Review presented on February 5, the Reserve Bank of India projected 10.5 per cent GDP growth in the financial year 2021-22.

Senior Congress leader P Chidambaram on Saturday said the lower GDP growth rate of 4.5 per cent was as predicted but warned that third quarter will be worse.

The net invisibles or services receipts moderated to $17.6 billion for the December quarter, from $18 billion a year earlier, it said.

Prime Minister Modi has silenced critics of his notes ban with a 7 per cent GDP or Gross Domestic Product growth in the 3rd quarter, but experts and political rivals are asking two key questions. First, how did consumption go up when there was hardly any cash with people to buy anything? And second, why was there a steep downward revision of Q3 fig...

Service providers reported new business grew for the first time since October. Though the expansion was modest, they were able to raise their prices to partly offset rising costs.

If the original GDP estimate for the relevant period in 2015-16 had been used in the calculations, the GDP growth in the third quarter of this fiscal would be just 6.2 per cent.

Government's decision last November to outlaw old 500 rupee and 1,000 rupee banknotes was widely expected to exact a heavy toll on an economy where most people are paid in cash and buy what they need with cash.

Economic Affairs Secretary Shaktikanta Das said the third quarter and the 7.1 per cent growth projected for full fiscal are "definitely something noteworthy".

Auto stocks will also remain in focus as their sales figures for February is scheduled to come from Wednesday onwards.

The country's gross domestic product (GDP) is likely to grow at 5.8 per cent in the third quarter of fiscal 2022, according to an SBI's research report - Ecowrap.

The November 22-25 poll of 44 economists put the median year-on-year growth forecast at 8.4 per cent in the July-September period.

Attacking the government over the state of the economy, the Congress on Friday said the people have been hit by the "double whammy" of low growth and high inflation for which the Modi government's "gross mismanagement" is responsible.

The agriculture and industrial sectors witnessed growth in the October-December quarter of the current fiscal, while the contact intensive services sectors registered de-growth

The economy exited recession after two consecutive quarters of contraction as the gross domestic product growth expanded by 0.4 per cent in the October-December quarter

Six indicators witnessed an improved year-on-year performance in January 2021, compared to December 2020, viz., non-oil exports, rail freight traffic, diesel consumption etc

In its Monetary Policy Review presented on February 5, the Reserve Bank of India projected 10.5 per cent GDP growth in the financial year 2021-22.

Senior Congress leader P Chidambaram on Saturday said the lower GDP growth rate of 4.5 per cent was as predicted but warned that third quarter will be worse.

The net invisibles or services receipts moderated to $17.6 billion for the December quarter, from $18 billion a year earlier, it said.

Prime Minister Modi has silenced critics of his notes ban with a 7 per cent GDP or Gross Domestic Product growth in the 3rd quarter, but experts and political rivals are asking two key questions. First, how did consumption go up when there was hardly any cash with people to buy anything? And second, why was there a steep downward revision of Q3 fig...

Service providers reported new business grew for the first time since October. Though the expansion was modest, they were able to raise their prices to partly offset rising costs.

If the original GDP estimate for the relevant period in 2015-16 had been used in the calculations, the GDP growth in the third quarter of this fiscal would be just 6.2 per cent.

Government's decision last November to outlaw old 500 rupee and 1,000 rupee banknotes was widely expected to exact a heavy toll on an economy where most people are paid in cash and buy what they need with cash.

Economic Affairs Secretary Shaktikanta Das said the third quarter and the 7.1 per cent growth projected for full fiscal are "definitely something noteworthy".

Auto stocks will also remain in focus as their sales figures for February is scheduled to come from Wednesday onwards.