India released its Q4 FY15 (Q1 2015) GDP data on Friday, 29 May. The GDP growth rate for the quarter printed at 7.5% yoy, a tad higher than market expectation of 7.3% yoy.
The full year (Apr'14-Mar'15) GDP growth was 7.3% yoy, lower than the market expectation of 7.4%.
"While the data gives a mixed signal, we are still worried about the quality of the data, given some inexplicable dichotomy." said Societe Generale
Commentary
India Q1 2015 GDP gives a mixed signal
India released its Q4 FY15 (Q1 2015) GDP data on Friday, 29 May. The GDP growth rate for the quarter printed at 7.5% yoy, a tad higher than market expectation of 7.3% yoy. The full year (Apr'14-Mar'15) GDP growth was 7.3…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
