Quick News Bit

MARKET LIVE: Sensex down 100 pts; Economic Survey pegs FY24 GDP at 6.5%

0
Stock market LIVE: Frontline indices were steady with nominal losses after the economic survey for 2023-24 pegged the FY24 GDP growth at 6.5 per cent in a baseline scenario, compared to 7 per cent in the current fiscal. The BSE Sensex was down 100 odd points at 59,373, while the NSE Nifty index was around 17,600. The real GDP growth is being seen between 6-6.8 per cent next fiscal depending on global economic and political developments, the survey said. The nominal GDP has been estimated at 11 per cent for FY24. 


READ MORE
Stock market LIVE: Frontline indices were steady with nominal losses after the economic survey for 2023-24 pegged the FY24 GDP growth at 6.5 per cent in a baseline scenario, compared to 7 per cent in the current fiscal. The BSE Sensex was down 100 odd points at 59,373, while the NSE Nifty index was around 17,600. The real GDP growth is being seen between 6-6.8 per cent next fiscal depending on global economic and political developments, the survey said. The nominal GDP has been estimated at 11 per cent for FY24. 


The growth will be driven by private consumption, higher capex, strengthening corporate balance sheet, credit growth to small businesses and return of migrant workers to cities, the survey said. 


READ LESS

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment