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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Growth of Indian Economy Slipped

February, 24 2017
watermark Economic news

The economy of India is projected to fell nearly three-year low for the last three months of the previous year due to failing demand on the back of an unexpected decision made by PM Narendra Modi about the restriction of bank notes with large denominations, as supported by economists in a Reuter’s poll.

There were 30 economists who took the poll and further showed that the GDP growth of the Indian republic decline to 6.4 percent per annum basis during the quarter of October to December. Some of the experts remained uncertain regarding the greater effect by the currency ban.

Moreover, during the months from July to September the economy grew by 7.3 percent in the past year and labeled as the “fastest-growing economy” among other countries worldwide.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.