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Indian Growth Wonders

Published 01/03/2018, 11:11

Indian quarter (October – December) Gross Domestic Product published on Wednesday provided Prime Minister Narendra Modi with a big relief, given at 7.20% (consensus at 6.90%) against July-September and April – June quarters at 6.30% and 5.70%, making it the largest quarterly growth of the year. India becomes the fastest growing economy in relative numbers (India and China GDP 2017: 7.10% and 6.80%), as China starts seeing signs of slowdown in consumption and manufacture (January CPI at slowest pace since July 2017, PPI lowest rate since November 2016 and Manufacturing PMI low since July 2016).

Indian Sensex declines though the release, valued at 34’153 (-0.56%) along world equity indexes decline.

By Vincent Mivelaz

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