India's GDP needs to grow at 7.6 percent in the fourth quarter to achieve a 6.5 percent full-year growth estimate as cited in the second advance estimates. The economy grew at 6.5 percent in the first quarter, 5.6 percent in the second and 6.2 percent during the third quarter of the fiscal.
The PMI data for November, which track month-on-month changes, are very upbeat and in marked contrast to the Q2 GDP numbers
The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) slipped from 57.5 in September to 55.5 in October, the slowest rate of expansion since February.
The PMI data highlighted a particularly marked slowdown in the consumer goods sector
Crude oil hits fresh 4-month low after U.S. jobless claims, PMI data
The surprise from China's purchasing manufacturer's index (PMI) may be a result of improving business sentiment on the back of Beijing's recent stimulus announcement.
Leif Eskesen, chief economist - India and ASEAN, HSBC explains on CNBC-TV18 that the PMI data for January was mixed and the government may find it difficult to achieve the target of 5.3-percent fiscal deficit set for FY13.
Karvy Stock Broking has come out with its report on currency. According to the research firm, rupee should continue to gain, so one can sell at higher levels for the day.
Brent slipped to USD 102 a barrel on Wednesday as worries about oil demand from the troubled euro zone offset any gains to prices sparked by concerns about oil supply from the Middle East.
In an interview with CNBC-TV18, Marco Valli, UniCredit said, “There is a clear contraction in manufacturing activity and most likely also negative gross domestic product (GDP) growth.â€