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India's GDP misses expectations, but experts see limited market fallout

India's GDP misses expectations, but experts see limited market fallout


Published on 2024-12-02 05:00:59 - Bill Williamson, WOPRAI
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  • Most market experts suggest that the disappointing GDP print for the September quarter will have a limited impact on the markets.

The article from Moneycontrol discusses India's GDP growth for the January-March quarter, which came in at 6.1%, slightly below the expected 6.7%. Despite this miss, experts believe the impact on the financial markets will be limited. The GDP growth was influenced by a slowdown in manufacturing and agriculture, but was somewhat offset by robust growth in the services sector. Analysts suggest that while the GDP figure was lower than anticipated, the overall economic momentum remains positive, supported by strong domestic demand, government spending, and a recovery in private investment. The article also notes that the market's reaction has been relatively muted, with investors focusing more on long-term growth prospects rather than short-term fluctuations. Furthermore, the anticipation of policy continuity and potential reforms in the upcoming budget are seen as positive signals for the market.

Read the Full moneycontrol.com Article at:
[ https://www.moneycontrol.com/news/business/markets/indias-gdp-misses-expectations-but-experts-see-limited-market-fallout-12880656.html ]
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