GDP Growth in India Should Remain Around 7.2% in Latest Revision

GDP Growth in India Should Remain Around 7.2% in Latest Revision

India's Gross Domestic Product (GDP) annualized data for the period of year-over-year growth is due to be put out by the Ministry of Statistics and Programme Implementation today at 12:00 GMT. Thus, the projected rate will again be 7.2% up from the prior series of 6.7%, indicative that the economy may have expanded.

This key indicator of the state of the economy calculates the market value of goods and services produced in a particular quarter to the corresponding quarter of the previous year. Analysts think the growth would come in those areas such as manufacturing, services, and trade but say that final numbers are unsure on factors like global demand and changing commodity prices besides issues at home on inflation.

If the forecasts materialize, it could represent stronger economic growth momentum, leading to a jump in investors' confidence and a probable strengthening of the rupee value. It is possible to see a peak in foreign investments. When the figures are less-than-expected data, there arises concern regarding the stability of the economy, which starts putting downward pressure on the rupee currency and financials.

The GDP data release will most likely be the guide for policymakers and investors who will make decisions in the coming months. Markets will react cautiously as the data unfolds.

Canada's Monthly GDP Data to be released today

Statistics Canada will publish the nation's monthly Gross Domestic Product today at 13:30 GMT. It is expected to grow 0.1%, after being flat in the previous month at 0.0%.

The GDP m/m indicator reflects the change in the value of goods and services produced throughout all sectors of the Canadian economy compared to the previous month. A positive reading could indicate slight economic momentum, possibly driven by sectors like manufacturing, retail, or services.

If the predicted growth comes to pass, it could potentially strengthen the Canadian dollar (CAD) because investors might view the information as a sign of a slow recovery. However, slower-than-expected growth or a flat number could indicate economic stagnation, putting pressure on CAD quotes.

The information is likely to give an idea of the short-term health of the Canadian economy, which should influence market sentiment and policy talks.