net_left Kdata adver left

India govt forecasts slower economic growth in year to March

Saturday, January 7, 2023
India govt forecasts slower economic growth in year to March © Reuters. FILE PHOTO: People shop for shoes at roadside shops at a market in Mumbai, India, August 30, 2016. Picture taken August 30, 2016. REUTERS/Danish Siddiqui/File Photo

NEW DELHI (Reuters) -India's government expects economic growth to slow in the financial year ending March, as pandemic-related distortions ease and pent-up demand for goods slows going into 2023.

Gross domestic product (GDP) will likely rise 7% this fiscal year, compared with 8.7% the previous year, the Ministry of Statistics said in its first estimate for the period.

The preliminary projection is much lower than the government's earlier forecast of 8%-8.5%, but above the central bank's projection of 6.8%.

The government uses the advanced GDP estimates as a base to work out its economic growth and fiscal projections for the next budget due on Feb. 1.

February's will be the last full budget before Prime Minister Narendra Modi is expected to bid for a rare third term in elections due in summer 2024.

India's economy rebounded after COVID-19 restrictions were eased around mid-2022, but the war in Ukraine has spurred inflationary pressures, prompting the central bank to reverse the ultra-loose monetary policy it adopted during the pandemic years.

It has raised key interest rates by 225 basis points since last May to 6.25%, the highest in three years, and another modest hike is expected early this year.

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
27-02-2024 10:52:50 (UTC+7)

EUR/USD

1.0852

+0.0005 (+0.05%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

EUR/USD

1.0852

+0.0005 (+0.05%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

GBP/USD

1.2679

-0.0003 (-0.02%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

USD/JPY

150.48

-0.21 (-0.14%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (3)

AUD/USD

0.6536

-0.0004 (-0.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

USD/CAD

1.3506

-0.0001 (-0.01%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (9)

EUR/JPY

163.30

-0.23 (-0.14%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (5)

Sell (0)

EUR/CHF

0.9547

-0.0002 (-0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

Gold Futures

2,042.25

+3.35 (+0.16%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (0)

Silver Futures

22.767

+0.032 (+0.14%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (2)

Sell (5)

Copper Futures

3.8457

+0.0092 (+0.24%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (2)

Crude Oil WTI Futures

77.50

-0.08 (-0.10%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Brent Oil Futures

81.59

-0.08 (-0.10%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Natural Gas Futures

1.736

-0.021 (-1.20%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (9)

Sell (0)

US Coffee C Futures

180.10

-0.20 (-0.11%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

Euro Stoxx 50

4,864.15

-8.42 (-0.17%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (7)

Sell (1)

S&P 500

5,069.53

-19.27 (-0.38%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

DAX

17,423.23

+3.90 (+0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

FTSE 100

7,684.30

-21.98 (-0.29%)

Summary

Neutral

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (2)

Hang Seng

16,561.00

-73.74 (-0.44%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (2)

US Small Cap 2000

2,029.05

+12.36 (+0.61%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (9)

IBEX 35

10,138.40

+7.80 (+0.08%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

BASF SE NA O.N.

46.330

-0.270 (-0.58%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

Bayer AG NA

28.59

-0.23 (-0.80%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (1)

Allianz SE VNA O.N.

245.65

-0.85 (-0.34%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (1)

Adidas AG

188.20

-0.58 (-0.31%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (3)

Deutsche Lufthansa AG

7.237

-0.144 (-1.95%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (0)

Siemens AG Class N

174.90

-0.40 (-0.23%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (1)

Deutsche Bank AG

12.302

-0.088 (-0.71%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

 EUR/USD1.0852↑ Buy
 GBP/USD1.2679Neutral
 USD/JPY150.48Neutral
 AUD/USD0.6536↑ Buy
 USD/CAD1.3506↑ Sell
 EUR/JPY163.30Neutral
 EUR/CHF0.9547↑ Sell
 Gold2,042.25↑ Buy
 Silver22.767Neutral
 Copper3.8457Buy
 Crude Oil WTI77.50↑ Sell
 Brent Oil81.59↑ Sell
 Natural Gas1.736↑ Buy
 US Coffee C180.10↑ Buy
 Euro Stoxx 504,864.15Neutral
 S&P 5005,069.53↑ Sell
 DAX17,423.23↑ Sell
 FTSE 1007,684.30Neutral
 Hang Seng16,561.00↑ Buy
 Small Cap 20002,029.05↑ Sell
 IBEX 3510,138.40Sell
 BASF46.330↑ Buy
 Bayer28.59↑ Buy
 Allianz245.65Neutral
 Adidas188.20Neutral
 Lufthansa7.237↑ Buy
 Siemens AG174.90↑ Buy
 Deutsche Bank AG12.302↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,770/ 7,920
(50/ 50) # 1,842
SJC HCM7,750/ 7,950
(70/ 50) # 1,872
SJC Hanoi7,750/ 7,952
(70/ 50) # 1,874
SJC Danang7,750/ 7,952
(70/ 50) # 1,874
SJC Nhatrang7,750/ 7,952
(70/ 50) # 1,874
SJC Cantho7,750/ 7,952
(70/ 50) # 1,874
Cập nhật 27-02-2024 10:53:16
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$2,032.88-1.41-0.07%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.10024.580
RON 95-III23.59024.060
E5 RON 92-II22.47022.910
DO 0.05S20.91021.320
DO 0,001S-V21.90022.330
Dầu hỏa 2-K20.92021.330
ↂ Giá dầu thô thế giới
WTI$77.33-0.12-0.00%
Brent$81.57-0.14-0.00%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.450,0024.820,00
EUR26.057,0727.487,12
GBP30.447,5531.743,27
JPY158,87168,16
KRW16,0119,40
Cập nhật lúc 10:46:11 27/02/2024
Xem bảng tỷ giá hối đoái
adver main right