India Gross Domestic Product Quarterly (YoY) For Q1 6.7% Vs. 6.9% Est.; 7.8% Prior
Portfolio Pulse from Benzinga Newsdesk
India's GDP growth for Q1 was 6.7% year-over-year, slightly below the estimated 6.9% and down from the previous quarter's 7.8%.
August 30, 2024 | 12:02 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The iShares MSCI India ETF (INDA) may experience short-term volatility due to India's Q1 GDP growth of 6.7%, which is below expectations and the previous quarter's growth.
INDA, an ETF tracking Indian equities, is likely to be impacted by India's GDP growth figures. The lower-than-expected growth of 6.7% could lead to investor concerns about economic momentum, potentially causing short-term price fluctuations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80