FOREX TradingCharts.com

Financial News: India Economic Growth Slows Further To 4.3%

India Economic Growth Slows Further To 4.3%

11/29/2019 - 08:11:00 (RTTNews)

(RTTNews) - India's economic growth slowed further in the three months to September, and the pace of expansion was the weakest in over six years as manufacturing and exports remained weak amid the global slowdown, official data showed on Friday.

Gross domestic product grew 4.5 percent year-on-year in the July to September quarter after a 5 percent expansion in the three months to June. Economists had forecast 4.7 percent growth for the September quarter. In the same quarter of 2018-19, growth was 7 percent.

In the April to September period, the economy grew 4.8 percent versus 7.5 percent in the previous year.

The Indian economy has been loosing steam over the past few quarters. In the March quarter, India's growth rate fell behind China's for the first time in nearly two years.

This week, Finance Minister Nirmala Sitharaman confirmed that there is a slowdown in the economy, but ruled out the possibility of a recession.

Prime Minister Narendra Modi's government announced several stimulus measures, such as the corporate tax rate cut, to boost the economy and the Reserve Bank of India has slashed interest rates several times this year. However, a sustainable revival in economic activity is yet to be seen. In an attempt to reduce the fiscal deficit, the government is trying to sell its stake in several public sector companies, including BPCL. The privatization of the refinery owner is facing backlash from employees who fear job cuts and loss of benefits.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Credit Jumps More Than Expected In October (08 min(s), 25 sec(s) ago)
(RTTNews) - Consumer credit in the U.S. increased by more than anticipated in the month of October ...Full Story»

U.S. Wholesale Inventories Inch Up Less Than Expected In October (04 hr(s), 18 min(s), 25 sec(s) ago)
(RTTNews) - Wholesale inventories in the U.S. crept up by slightly less than expected in the month ...Full Story»

U.S. Consumer Sentiment Climbs To Seven-Month High In December (04 hr(s), 24 min(s), 25 sec(s) ago)
(RTTNews) - Preliminary data released by the University of Michigan on Friday showed a much bigger ...Full Story»

Malta Economic Growth Slows In Q3 (05 hr(s), 40 min(s), 25 sec(s) ago)
(RTTNews) - Malta's economic growth slowed further in the third quarter, preliminary data from ...Full Story»

U.S. Employment Soars Amid Return Of Striking GM Workers (05 hr(s), 58 min(s), 25 sec(s) ago)
(RTTNews) - Job growth in the U.S. showed a substantial acceleration in the month of November, acc ...Full Story»

U.S. Employment Jumps Much More Than Expected In November (06 hr(s), 38 min(s), 25 sec(s) ago)
(RTTNews) - Job growth in the U.S. showed a substantial acceleration in the month of November, acc ...Full Story»

France Trade Gap Narrows In October (07 hr(s), 26 min(s), 25 sec(s) ago)
(RTTNews) - France's trade deficit widened in October to its lowest level in five months, figu ...Full Story»

Germany Industrial Production Declines Most In 6 Months (08 hr(s), 36 min(s), 25 sec(s) ago)
(RTTNews) - Germany's industrial production declined at the fastest pace in six months in Octo ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Credit Jumps More Than Expected In October

12/06/2019 - 15:09 PM (RTTNews)
(RTTNews) - Consumer credit in the U.S. increased by more than anticipated in the month of October ...Full Story>>

U.S. Wholesale Inventories Inch Up Less Than Expected In October

12/06/2019 - 10:59 AM (RTTNews)
(RTTNews) - Wholesale inventories in the U.S. crept up by slightly less than expected in the month ...Full Story>>

U.S. Consumer Sentiment Climbs To Seven-Month High In December

12/06/2019 - 10:53 AM (RTTNews)
(RTTNews) - Preliminary data released by the University of Michigan on Friday showed a much bigger ...Full Story>>

Malta Economic Growth Slows In Q3

12/06/2019 - 09:37 AM (RTTNews)
(RTTNews) - Malta's economic growth slowed further in the third quarter, preliminary data from ...Full Story>>

U.S. Employment Soars Amid Return Of Striking GM Workers

12/06/2019 - 09:19 AM (RTTNews)
(RTTNews) - Job growth in the U.S. showed a substantial acceleration in the month of November, acc ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.