Gdp Data
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COVID-19 Impact: GDP growth dips to 3.1% in Jan-Mar quarter, slowest growth in 8 years; economy grows at 4.2% in FY20
Fp Staff •The gross domestic product (GDP) had expanded by 5.7 percent in the corresponding quarter of 2018-19, according to data released by the National Statistical Office (NSO) on Friday.
Markets open weak: Sensex drops over 300 points, Nifty tests 9,400-level in early trade ahead of GDP data; Rupee up
Fp Staff •Sensex tumbled over 300 points in early trade on Friday dragged by losses in HDFC Bank, Infosys, TCS and Reliance Industries amid weak cues from global markets.
In Q3, non-government GDP actually grew by just 3.9%; economy is in ICU, needs an urgent booster shot
Dinesh Unnikrishnan123 •The highlight of the December quarter GDP data is not just the GDP numbers alone, but the massive revisions of the past data
Ahead of Budget 2020, Narendra Modi, Amit Shah meet economists, experts at NITI Aayog; discuss steps to revive growth
•The meeting assumes importance as the government is in the process of formulating Budget proposals for 2020-21
Sensex tumbles 336 points to close at 40,794 ahead of GDP data, Nifty down 95 points; Yes Bank, HUL among top losers
•Snapping its two-day record-setting streak, market benchmark BSE Sensex tumbled 336 points on Friday as investors turned jittery ahead of GDP data release
Sensex, Nifty open on volatile note in early trade on weak domestic macroeconomic data concerns; Bharti Airtel, SBI, Tata Motors shed over 3%
Fp Staff •After opening on a positive note, the Sensex turned choppy to trade 54.61 points, or 0.14 percent, lower at 40,061.45
Sensex jumps over 200 points, Nifty reclaims 11,000-mark ahead of GDP announcement; Tata Steel, Vedanta up by 3%
Fp Staff •Top gainers in the Sensex pack in early trade on Friday included Tata Steel, Vedanta, TCS, Yes Bank, among others rising up to 3%
Viral Acharya resigns from RBI: Why deputy governor’s untimely exit will be watched for implications on monetary policy
Dinesh Unnikrishnan123 •Acharya entered the scene at RBI as a low profile candidate. Unlike Rajan, not many knew him prior to this post. But for sure, Acharya isn’t exiting as a low key
Monetary Policy Committee meeting minutes reveal change in RBI's policy stance to deliver more rate cuts: Nomura
•Governor Shaktikanta Das had limited himself to say that the shift in stance of the policy to "accommodative" must be seen as there being no rate hikes in future
GDP overestimation claim: Govt must address data pessimism by enlisting independent experts to end confusion
Narayanan Madhavan •Finance Minister Nirmala Sitharaman may do well to call a bunch of former economic advisors and academicians in a special pre-budget session of extended consultations to put an end to the row