India’s GDP growth accelerates to 8.4% in third quarter, beats expectations
Q3 GDP growth: The Indian economy grew sharply during the third quarter of FY24 at 8.4 per cent, compared to 4.3 per cent in the same period last year.
In Short
India's Q3 GDP growth accelerates to 8.4% YoY
Analysts had predicted growth below 7%
Q3 GDP growth better than 7.6% in Q2
India's gross domestic product (GDP) for the third quarter of the ongoing financial year accelerated to 8.4 per cent year-on-year, showed data shared by the Ministry of Statistics and Programme Implementation on Thursday. In the same period last year, the GDP growth was 4.3 per cent.
We should be seeing a +10 to +15% upmove in the market currently.. I'm guessing in the 1st Week of March Itself.
+2% per day for the next 7 trading days gives a cool +14% upmove.