India Fiscal Year GDP Growth
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)
India GDP Growth Climbs To 8.4% In December Qtr
India's economic growth improved strongly to 8.4 percent year-on-year in the December quarter from 7.6 percent in the previous three months, preliminary estimates from the statistics ministry showed Thursday. Economists had forecast the growth rate to slow to 6.6 percent.
RTTNews | 69 days ago
India Inflation Softens On Cooling Food Costs
India consumer price inflation softened to a three-month low in January on moderating food price growth, data from the Ministry of Statistics and Programme Implementation showed Monday. The consumer price index posted an annual growth of 5.10 percent, weaker than the 5.69 percent increase in December, which was the fastest in four months.
RTTNews | 86 days ago
India Central Bank Maintains Policy Stance
The Reserve Bank of India decided to leave its benchmark interest rates unchanged for the sixth straight session on Thursday as inflation tends to remain in the upper band of the target range. The Monetary Policy Committee of the RBI, led by Governor Shaktikanta Das, voted 5-1 to hold the repo rate at 6.50 percent.
RTTNews | 90 days ago
