[ad_1] Strong real GDP growth of 8.4% for the third quarter contrasts with the grim reality of the household consumption and income situation. The last national expenditure survey (2022-23), released after a delay of 11 years, shows that real consumption grew modestly at 3% over the past 11 years, and data from the Periodic Labor … Read more
[ad_1] Punit Paranjpe/AFP/Getty Images Laborers work at a construction site in Mumbai in November 2023. London cnn — The world’s fastest growing major economy is living up to its billing. India’s gross domestic product increased by 8.4% in the last three months of 2023 compared to the previous year, against a growth of 7.6% in … Read more
[ad_1] Story continues below The very strong third quarter GDP growth figures may provide much-needed immediate support to Indian stock market valuations, but may not provide any further trigger for the already buoyant indices. Additionally, markets may not be too enthusiastic about the GDP increase as the growth appears to have come on the back … Read more