India Gross Domestic Product Quarterly (YoY) For Q4 7.8% Vs. 6.7% Est.; 8.4% Prior
Portfolio Pulse from Benzinga Newsdesk
India's Gross Domestic Product (GDP) for Q4 grew by 7.8% year-over-year, surpassing the estimated 6.7% and slightly below the prior quarter's 8.4%.
May 31, 2024 | 12:02 pm
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POSITIVE IMPACT
India's Q4 GDP growth of 7.8% YoY exceeded expectations, which could positively impact the iShares MSCI India ETF (INDA) as it reflects the overall economic health of India.
The better-than-expected GDP growth indicates a strong economic performance, which is likely to positively influence investor sentiment towards Indian equities, including the iShares MSCI India ETF (INDA).
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80