Friday, August 31, 2018

HDFC Bank : India to grow at 7.6 percent

According to HDFC Bank, India's economic growth is expected to rise to 7.6 percent in the April-June quarter of 2018-19 from a sub-6 percent figure in the year-ago period mainly due to a low-base effect.

  HDFC Bank research report says that growth numbers across sectors in the first quarter are likely to get a boost from a favorable base effect even as there are some genuine signs of revival in the economy.

The major push to growth is likely to come from the manufacturing and the services sector while agricultural growth is also likely to be supportive.

Rate sensitive stocks are likely to trade positively due to the above in today's trade.  

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