• Trading Account
  • Downloads
  • Nifty Options OI
    • Nifty Max Pain Chart
    • Nifty Option Change in OI Chart
    • Nifty Put Call Ratio
    • Nifty Option Total Change in OI
    • Nifty Trend Finder
  • BankNifty Option OI
  • About Us
  • Learn Technical Analysis
    • Advance Option Trading Course

OurNifty.com

A Indian Stock Market Blog

  • Forex
  • Gold
  • Intraday Stocks
  • Midcap Stocks
  • Multibagger
  • Nifty
  • Nifty Option
  • NSE
  • Amibroker

India’s GDP Growth Slums to 5.3% in Q4, Lowest in 9 years

By Bhaveek Patel 3 Comments

The Indian economy grew with just 5.3% in the fourth quarter, this is first time GDP data has fallen to 5.3% level after 2003, making a nine year low.  Also shocking news after the data release was the RBI is still not expecting rate cuts as inflation still remains important concern.

The services sector is the largest contribution to GDP, it grew at 7.9% against 10.6% last year. Services sector is a very important indicator to as it directly shows that our economy was slowing down. Also the manufacturing sector registered slow growth of 0.3% in Q4 against 7.6% last year for same period. The construction sector grew at 4.8% against 8% last time; The farming sector saw growth of 1.7% against 7.5% year on year basis, here also slow down. The mining sector was only sector that saw growth, which was at 4.3% compared to 0.6% (YoY Basis).

If this goes on then definitely fiscal deficit will widen and harm our economic strength and growth.

Share2
Tweet
Pin
2 Shares

You Should Read This:

  1. Axis Bank Q3 Net Profit Jumps 35.82% to Rs.891 crore. A leading private sector bank Axis Bank Ltd. has announced its third quarter (ended December 2010) results today. The company has reported net profit of Rs 891 crore in Q3FY11 as against Rs 656 crore...
  2. Yes Bank Ltd. (YESBANK) Q4 Profit Jumps About 45%, Better than Expected Yes Bank – A leading private sector bank fourth quarter (January-March) net profit rose more than 45% (year-on-year basis) to Rs.203.4 crore, beating the street’s estimates on the back of a strong growth in deposits...
  3. HDFC Bank Q1 for FY12 Reports Net Profit of Rs.1085 crore India’s second largest private sector bank HDFC Bank, reported its first quarter result for 2011 (April-June), its net profit rose by more than 33% to Rs.1,085 crore as compared to the same period last year....
  4. May 2011 industrial production growth has slow down, comes by 5.6% Industrial growth has slowed down in the month of May. Index of Industrial Production (IIP) has come in at 5.6% on a year-on-year basis. However, market participants has expected it to be at 8.6%. So...
  5. How strong growth in US is bad for Nifty Future US economy was growing with its fastest pace since 2008, we have seen Dow Jones Industrial Average and S&P500 index making fresh 52week high. This good news is not really good for India, as we...

Category: NEWS Tags: GDP Data/ Indian GDP Growth

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post: Nifty Future a buying opportunity for Intraday Trading
Next Post: Intraday: Nifty future seeing buying on lower levels, Bullish for today

Advance Options Trading Course

options trading course

Lowest Brokerage Trading A/c

Lowest brokerage trading account opening in India

Learn Technical Analysis

technical analysis course

Recent Articles

  • ASX Penny Stocks List for 2023
  • 7 Ways to Boost Your Revenue
  • NYSE Penny Stocks List for 2023
  • Short On Cash? Here’s How You Can Manage Your Priority Spends
  • FREE Webinar on Option Chain Analysis
  • LSE Penny stocks list for trading in 2023 Should you buy?
  • BSE Penny Stocks List 2023

Popular Categories

Amibroker Finance Forex Gold Intraday Stocks IPO Midcap Stocks Multibagger NEWS Nifty Nifty Option NSE Short Term Stocks Technical Analysis

About Us | Contact Us | Privacy Policy | Disclaimer


Copyright © 2009 - 2023 OurNifty.com Trading ideas published here cannot be reproduced without permission from the author.
OurNifty is Powered by Wordpress and hosted on Digital Ocean