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India’s economy expands by just 5.4% in the last quarter, well below expectations
India’s economy expanded by just 5.4% in its second fiscal quarter ending September, well below estimates by economists and close to a two-year low. The print follows 6.7% growth over the previous quarter and came in below expectations for a 6.5% clip, according to economists polled by Reuters. The Reserve Bank of India had forecast expansion of 7% over the period and the reading is the lowest since the last quarter of 2022. In October, the RBI said after its last monetary policy meeting that the key agriculture sector remained “resilient” and was expected to perform well due to higher-than-expected rainfall ... (full story)
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- Posted: Nov 29, 2024 6:16am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,963
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