Sign In     Follow Us :
Market Snapshot
INDIAGLOBAL
BSE Sensex29612.88 81.45(0.28)
NIFTY9166.45 22.65(0.25)
Trading Calls
CompanyAnalystRecommendations
ITC Karvy LONG
HINDALCO Karvy LONG
HDIL Karvy LONG
UPL Karvy LONG
AXISBANK Karvy SHORT
Click Here for More Research Calls
The Chartist
[imgleftbottom] Who will become the next president of America?
Two-thirds of top corporates' FX exposure at risk
Subscribe
Finapolis Finance Journals
The Finapolis Poll
Are steps being taken by the government on the black money issue enough?
Please answer this simple math question 4+3 =
Economy
Q1 GDP Growth Plunges To 4.4%
India's Gross Domestic Product (GDP) for the first quarter (April-June) of 2013-14, grew 4.4% over the corresponding quarter of previous year
 

Bitten by the slowdown bug, India’s macroeconomic indicators continue to get worsen with each passing day. The latest pointer is the GDP figures released on Friday that show a dismal growth of the economy in the first quarter of the current fiscal.

Figures released by Central Statistics Office indicate that India’s Gross Domestic Product (GDP) for the first quarter (April-June) of 2013-14, grew 4.4% over the corresponding quarter of previous year, the slowest pace in the last few years. The growth rate is much less that 4.7% which many analysts had expected, raising fears of downgrade of India’s credit rating.
Manufacturing and mining sectors were the worst hit with -1.2% and -2.8% decline. Financing, insurance, real estate and business services grew at 8.9% while community, social and personal services grew by 9.4%.
The slump in GDP comes at a time when India’s rupee is on a freefall. The rupee has lost almost 20% against the US dollar since the beginning of this year, raising impost bill and threatening to inflate the widening current account deficit (CAD).

[imgrighttop]
Columnists
Two-thirds of top corporates' FX exposure at risk
Mubaashir Ansari
Is this the end of the world as we know it?
AN Shanbhag and Sandeep Shanbhag
Save capital gains using Sections 54 & 54F
Adhil Shetty
Smart insurance moves to protect yourself this Diwali
More Columnists [ + ]
Two-thirds of top corporates' FX exposure at risk
[+ more]
The Finapolis Conversation
[+ more]
Two-thirds of top corporates' FX exposure at risk
[+ more]

Copyright © 2016. All rights reserved. theFinapolis.com Cancellation Policy | Service Delivery | Refund Policy | Privacy Policy | Careers | Contact Us | Sitemap