India GDP Growth Rate YoY
The services sector of the Indian economy is the most important and fastest expanding sector of the economy. More than 60% of GDP is accounted for trade, hotels, transport, and communication, financing, insurance, real estate, and business services, and community, social, and personal services. Agriculture, forestry, and fisheries account for around 12% of total output, however, employ more than 50% of the labor force in the country. Manufacturing contributes 15% of GDP, construction contributes 8%, and mining, quarrying, electricity, gas, and water distribution account for the remaining 5%.
A higher than expected figure should be seen as positive (bullish) for the INR while a lower than expected figure should be seen as negative (bearish) for the INR.
News (INR)
S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings
S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.
RTTNews | 16 days ago
India Holds Key Interest Rates Steady As Trade Tensions Escalate
The Reserve Bank of India left its key interest rates unchanged on Wednesday after an aggressive cut in June as the economy faces another threat from the US due to its Russian oil imports. The RBI Monetary Policy Committee, led by Governor Sanjay Malhotra, unanimously decided to hold the policy repo rate at 5.50 percent. The bank had reduced the rate by 50 basis points in June.
RTTNews | 24 days ago
India Slashes Policy Rates By Bigger Than Expected 50 Bps; Shifts Stance To Neutral
The Reserve Bank of India lowered its interest rates by a sharper-than-expected 50 basis points on Friday, marking the third consecutive reduction as policymakers focused on propelling growth amid the softening inflation, but the central bank shifted its monetary policy stance to neutral signaling a pause ahead. The MPC decided to cut the policy repo rate by 50 basis points to 5.50 percent.
RTTNews | 85 days ago
