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Growth in India’s dominant services industry slowed sharply in July, squeezed by high inflationary pressures and weaker demand, leading to a further fall in business expectations, a private survey showed.
Government’s efforts to reverse the slowdown on the back of a sluggish GDP growth is expected to induce volatility in the Indian equity markets during the coming week.
Rising trade deficit along with chances of a populist budget might dampen rupee’s prospects during the coming week. Nevertheless, persistent interest of Foreign institutional investors (FIIs) in India’s equity market will arrest any sharp depreciation moves.
Ratings agency ICRA expects India’s growth rate to further slowdown to 4.7 per cent in second quarter of FY2020, due to weak industrial output. Accordingly, the ratings agency expects a further deterioration in the growth rate of India’s GDP
India posted annual economic growth of 6.3% in its July-September quarter, less than half the 13.5% growth in the previous three months as distortions caused by COVID-19 lockdowns faded in Asia’s third-largest economy. Gross domestic product growth for the full fiscal year, which ends on March 31, is likely to be 6.8-7%,
The Board of the Investment Corporation of Dubai (ICD), chaired by Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of Dubai, Chairman of ICD, and in the presence of Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum,
Turkey’s economy expanded 3.9 per cent in the third quarter from a year ago, according to official data released on Wednesday, though growth slowed from the previous quarter as a global slowdown put a drag on exports, but the tourism sector remained strong. Gross domestic product (GDP) contracted 0.1 per cent from the previous quarter