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The impressive GDP numbers provide fundamental support to the bull market. What are some of the possible headwinds, and what is the outlook for India's economic growth in the short term?
Markets may not be too enthused by the GDP boost since growth seems to have come on the back of base revision, and net tax collection growth without the supporting GVA gain
For 2023-24 as a whole, economists think the statistics ministry's second advance estimate may show GDP growth at 6.9 percent, lower than the first advance estimate of 7.3 percent.
India's services PMI has now spent 29 consecutive months above the key level of 50 that separates expansion and contraction in activity.
India Business News: Most analysts expected the Q2 GDP growth data to moderate to around 6.8%. The 7.6% GDP growth is a slight moderation from the 7.8% GDP growth witnesse