India Q3 GDP data to be announced today: GDP - the benchmark data for the Indian economy – will be announced today. The National Statistics Office (NSO) will declare both FY2024-25 GDP as well as Q3GDP estimates today at 4 pm. Initial reports say that after the slump in the July-September quarter, Asia’s third largest economy is expected to improve.
At 5.4 percent, India had witnessed sharpest drop in the GDP in last seven quarters. Slowdown in urban demand and crucial delay in the government spending were seen as the primary reason for the slow pace.
The government will release the GDP data on its official website. All social media handles of the government such as PIB will also post the updates on GDP announcement. We at Moneycontrol are also running a live blog where you can see all major updates, breakdowns and insights.
India Q3 GDP: What to watch out today
Investors will be closely watching the December GDP data amid concerns around sluggish growth, muted earning numbers and tariff conundrum. However, analysts remain optimistic about the GDP numbers.
A Moneycontrol survey of 19 economists said that the Indian economy is expected to grow at a faster pace of 6.3 percent. Capex push and uptick in rural spending are seen as major driver. Several key measures such as announcement of income tax tweak and repo rate cut will also improve the growth trajectory in upcoming months.
On February 1st, Finance Minister Nirmala Sitharaman has announced significant relief in the income tax for individuals in the Union Budget 2025. Later, newly appointed RBI Governor Sanjay Malhotra had also slashed key interest rate thereby helping in the liquidity and boosting the growth.
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