India Gross Domestic Product Quarterly (YoY) For Q1 7.8% Vs. 7.7% Est.; 6.1% Prior
Portfolio Pulse from Benzinga Newsdesk
India's Gross Domestic Product (GDP) for Q1 has increased by 7.8%, surpassing the estimated 7.7% and the prior 6.1%.
August 31, 2023 | 12:19 pm
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POSITIVE IMPACT
The better-than-expected GDP growth in India may positively impact the iShares MSCI India ETF (INDA).
The iShares MSCI India ETF (INDA) tracks the investment results of an index composed of Indian equities. Therefore, a stronger-than-expected GDP growth in India, which indicates a healthy economy, could lead to an increase in the value of Indian equities and consequently, a rise in the value of INDA.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100