The Indian economy may have slowed for the sixth consecutive quarter in July-September to 4.7 percent, Fitch group firm India Ratings and Research said in a recent report.
India’s July-September quarter GDP numbers are to be released on November 29 and are likely to slip below 5 percent or even to the lowest in a decade.
Rating agencies and experts think that growth numbers slipped further in the second quarter of the financial year 2020.
The economy may have slowed for the sixth consecutive quarter in the July-September to 4.7 percent, Fitch group firm India Ratings and Research said in a recent report.
The Indian economy probably expanded at its weakest pace in more than six years in the quarter to September, a Reuters poll showed, as consumer demand and private investment weakened further and a global slowdown hit exports.
ICRA expects India’s growth rate to fall to 4.7 percent amid weak demand and tepid investment.
On the other hand, the Indian equity market’s headline indices the Nifty, Sensex and Bank Nifty are at all-time highs despite growth concerns.
Will the market be able to hold the gains despite growing signs of weakness in the economy?
Even if the numbers disappoint, it is unlikely to have much impact on the market, experts say.
