India’s Q3 GDP data for the October-December 2024 period will be announced today by the National Statistics Office (NSO) at 4 PM. This data is crucial as it provides insights into the country’s economic performance during the quarter. Analysts expect an improvement in the GDP growth rate after the slump in the July-September quarter.
According to a report by Deutsche Bank, India’s GDP growth is likely to bounce back to 6.2% in Q3. This rebound is seen as a positive sign, indicating that the worst may be over for India’s growth trajectory. However, overall GDP growth is expected to remain below the potential growth rate of 7% in FY26.
The Reserve Bank of India (RBI) is also expected to deliver another rate cut of 25 basis points in April to support growth. The central bank’s focus will be on liquidity measures to ensure the transmission of the rate cut to the real economy.
Investors and analysts will closely watch the Q3 GDP data release to gauge the economic outlook and make informed decisions. Stay tuned for the official announcement and detailed analysis of the GDP figures later today.
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