India Gross Domestic Product Quarterly (YoY) For Q3 8.4% Vs. 6.6% Est.; 7.6% Prior
Portfolio Pulse from Benzinga Newsdesk
India's GDP growth for Q3 was reported at 8.4%, surpassing the estimated 6.6% and the previous quarter's 7.6%. This indicates a stronger economic recovery than anticipated.
February 29, 2024 | 12:36 pm
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POSITIVE IMPACT
The reported 8.4% GDP growth for India in Q3, exceeding expectations, suggests a positive outlook for Indian markets, potentially benefiting INDA.
As INDA is an ETF that tracks the Indian market, the higher than expected GDP growth rate indicates a robust economic recovery, which is likely to foster investor confidence and potentially lead to an increase in the ETF's value in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90