According to Shilan Shah, India Economist at Capital Economics, India’s April-June (Q1) GDP growth rate is likely to tick higher after the previous quarter’s slowdown. Key Quotes “India’s gross domestic product growth is likely to rise to 6% in April-June from a five-year low of 5.8% in January-March Growth in personal loans (excluding vehicles) has remained stable, above 15% y/y. On balance, private consumption should have held up reasonably well. What’s more, the recovery in production of capital goods suggests that the slump in investment growth has bottomed out. The GDP growth to recover over the coming quarters, albeit modestly, as fiscal policy is likely to be supportive and interest rates have been slashed by 110 bps in 2019 Aggressive policy easing aimed at boosting demand will stoke inflation.” India’s Q1 GDP data is due on August, 30th. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP technical analysis: 50-day MA is again offering support FX Street 4 years According to Shilan Shah, India Economist at Capital Economics, India's April-June (Q1) GDP growth rate is likely to tick higher after the previous quarter's slowdown. Key Quotes "India's gross domestic product growth is likely to rise to 6% in April-June from a five-year low of 5.8% in January-March Growth in personal loans (excluding vehicles) has remained stable, above 15% y/y. On balance, private consumption should have held up reasonably well. What's more, the recovery in production of capital goods suggests that the slump in investment growth has bottomed out. The GDP growth to recover over the coming quarters, albeit modestly,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
