Page 2 - Quanteco Research News Today

In Q3FY24, the Indian economy outperformed expectations, growing at 8.4%, surpassing the predicted 6.6% rate. However, a significant divergence between GDP and Gross Value Added (GVA) raised concerns, with GVA growth at 6.5%. Economists caution that the high GDP may not reflect balanced growth, citing a decline in agriculture, uneven private consumption, and increased reliance on public capex.

RBI MPC: Indias policymakers see a Goldilocks scenario with a 4.5% inflation and 7% growth forecast for FY25, suggesting a balanced economy. The Reserve Bank of Indias Monetary Policy Committee agrees on the need for caution amid uncertainties. While optimistic about growth, economists urge vigilance due to global headwinds. Nomura expects a cumulative 100 bps rate cut, while others predict a pause until H1FY25.

Indias policymakers see a Goldilocks scenario with a 4.5% inflation and 7% growth forecast for FY25, suggesting a balanced economy. The Reserve Bank of Indias Monetary Policy Committee agrees on the need for caution amid uncertainties. While optimistic about growth, economists urge vigilance due to global headwinds. Nomura expects a cumulative 100 bps rate cut, while others predict a pause until H1FY25.

The benchmark 10-year bond yield closed lower at 7.063% Tuesday from the previous close of 7.0968%, while 13 state governments collectively sold more than Rs 28,000 crore of bonds.

Indias trade deficit narrows and services exports increase, prompting economists to lower the current account deficit (CAD) estimates for FY24. Capital inflows are expected to improve, but the rupee may not strengthen as the central bank aims to boost reserves. April-January period sees lower net services exports and improved FDI flows.

India’s headline retail inflation rate decelerated to a three-month low of 5.10 percent in January.

Indias key policy rates will likely be held steady on Thursday for a sixth straight meeting but investors are keenly watching to see if moderating core inflation and a fiscally prudent budget... -February 06, 2024 at 02:31 am EST - MarketScreener

The Indian government has presented the last budget before the country heads to general elections.

Indian Prime Minister Narendra Modi's government has presented its last budget before the country heads for general elections in the coming months.

Budget News: Budget 2024 income tax: The common man and middle class have high expectations for income tax relief in Budget 2024. Experts are divided on whether relief can be expected. Various suggestions include changes in tax slabs, tax rates, and standard deductions. The new income tax regime and its impact on savings is also a point of discussion.