India: Q2 economy expected to have slowed further – TD Securities
|According to analysts at TD Securities, India’s economy is expected to have slowed further in Q2 19 (Q1 FY 19/20), with a 5.6% y/y (market 5.7%) pace of growth likely in their view, following a 5.8% y/y increase in the previous quarter.
Key Quotes
“Weaker global and domestic demand will have weighted on activity. High frequency data have been on a downward trajectory, with for example sales of cars, consumer durables and passenger air traffic sliding. Separately, weak credit intermediation and softening business sentiment will have contributed to declining investment spending.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.