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Trading news
25 Feb 2020
India's GDP likely expanded 4.7% in December quarter - Reuters poll
According to the latest Reuters poll of economists, Indian economic growth is seen expanding slightly in the October-December period after the GDP growth rate hit a six-year low in the previous quarter.
Key findings:
“Annual gross domestic product growth likely rose to 4.7% in the last quarter of 2019 from 4.5% the previous quarter, when the growth rate appears to have bottomed out.
About 90% of economists in the poll forecast growth for the October-December quarter at 5% or below.
All 42 economists in a wider Reuters poll last month expected growth to pick up in the next six months.”
- USD/INR revisits sub-72.00 region as trade sentiment improves in Asia