



MUMBAI (Reuters) - India's economy is expected to grow 5.5% in the next financial year, a notch below the expected potential rate of 6%, as growth momentum in the country was slowing gradually, an economist at HSBC said on Thursday.
The Indian economy grew 8.7% in year ended March 2022, and is expected to grow by 6.8% in the current financial year.
A Reserve Bank of India survey of professional forecasters released in December had pegged growth at 6% in 2023/24.
"While both exports and imports have slowed over the last few months, the former has slowed more sharply than the latter, indicating a sharper fall in the global growth momentum," Pranjul Bhandari, chief India and Indonesia economist at HSBC Securities and Capital Markets (India) said in a note to clients.
Economists at the brokerage expect domestic demand to remain stronger as compared to global demand, the note said, adding that demand for goods - higher than services demand during the pandemic - has fallen in recent months.
"Urban demand has far outstripped rural demand over 2022, but is also moderating since mid-2022, led primarily by goods," the note added.
Rural demand, which has been weak throughout 2022, could tick higher though due to strong sowing during the winter season and moderating rural inflation.
Investment activity has been more resilient than consumption-spending in 2022, helped by government capex and rising investment intentions by large corporates, Bhandari said.
HSBC further said the changing growth dynamics are likely to have a bearing on upcoming policy events like the Federal budget and central bank's monetary policy meetings.
"Our overall message is that the growth momentum is slowing gradually, but not uniformly," the economist said.
EUR/USD
1.0883
-0.0003 (-0.03%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (1)
EUR/USD
1.0883
-0.0003 (-0.03%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (1)
GBP/USD
1.2711
+0.0089 (+0.71%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (7)
Sell (1)
USD/JPY
146.80
-1.38 (-0.93%)
Summary
SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (2)
Sell (5)
AUD/USD
0.6673
+0.0068 (+1.03%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
USD/CAD
1.3497
-0.0065 (-0.48%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (5)
EUR/JPY
159.76
-1.60 (-0.99%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (4)
EUR/CHF
0.9458
-0.0071 (-0.75%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (2)
Sell (6)
Gold Futures
2,073.20
+35.10 (+1.72%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Silver Futures
25.490
+0.197 (+0.78%)
Summary
SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (0)
Copper Futures
3.9195
+0.0690 (+1.79%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Crude Oil WTI Futures
74.38
-1.58 (-2.08%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (5)
Sell (2)
Brent Oil Futures
79.56
-1.30 (-1.61%)
Summary
NeutralMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (3)
Sell (5)
Natural Gas Futures
2.777
-0.025 (-0.89%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (1)
US Coffee C Futures
183.70
-1.00 (-0.54%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (5)
Euro Stoxx 50
4,417.25
+34.78 (+0.79%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (1)
S&P 500
4,594.63
+26.83 (+0.59%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (10)
Sell (0)
DAX
16,397.52
+182.09 (+1.12%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
FTSE 100
7,529.35
+75.60 (+1.01%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (0)
Sell (10)
Hang Seng
16,847.00
-181.50 (-1.07%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (2)
Sell (3)
US Small Cap 2000
1,862.64
+53.62 (+2.96%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (1)
IBEX 35
10,140.80
+82.60 (+0.82%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
BASF SE NA O.N.
43.240
+0.555 (+1.30%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (0)
Bayer AG NA
31.11
-0.25 (-0.80%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
Allianz SE VNA O.N.
235.25
+4.65 (+2.02%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (10)
Sell (0)
Adidas AG
194.24
+2.10 (+1.09%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (5)
Deutsche Lufthansa AG
8.222
+0.242 (+3.03%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (3)
Sell (5)
Siemens AG Class N
156.00
+2.00 (+1.30%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
Deutsche Bank AG
11.520
+0.094 (+0.82%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (10)
Sell (0)
EUR/USD | 1.0883 | ↑ Buy | |||
GBP/USD | 1.2711 | ↑ Buy | |||
USD/JPY | 146.80 | Sell | |||
AUD/USD | 0.6673 | ↑ Buy | |||
USD/CAD | 1.3497 | Sell | |||
EUR/JPY | 159.76 | ↑ Sell | |||
EUR/CHF | 0.9458 | ↑ Sell |
Gold | 2,073.20 | ↑ Buy | |||
Silver | 25.490 | Sell | |||
Copper | 3.9195 | ↑ Buy | |||
Crude Oil WTI | 74.38 | ↑ Buy | |||
Brent Oil | 79.56 | Neutral | |||
Natural Gas | 2.777 | ↑ Buy | |||
US Coffee C | 183.70 | ↑ Sell |
Euro Stoxx 50 | 4,417.25 | ↑ Buy | |||
S&P 500 | 4,594.63 | ↑ Buy | |||
DAX | 16,397.52 | ↑ Buy | |||
FTSE 100 | 7,529.35 | ↑ Sell | |||
Hang Seng | 16,847.00 | Sell | |||
Small Cap 2000 | 1,862.64 | ↑ Buy | |||
IBEX 35 | 10,140.80 | ↑ Buy |
BASF | 43.240 | ↑ Buy | |||
Bayer | 31.11 | ↑ Buy | |||
Allianz | 235.25 | ↑ Buy | |||
Adidas | 194.24 | Neutral | |||
Lufthansa | 8.222 | Sell | |||
Siemens AG | 156.00 | ↑ Buy | |||
Deutsche Bank AG | 11.520 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 7,220/ 7,320 (0/ 0) # 1,302 |
SJC HCM | 7,270![]() ![]() (40 ![]() ![]() |
SJC Hanoi | 7,270![]() ![]() (40 ![]() ![]() |
SJC Danang | 7,270![]() ![]() (40 ![]() ![]() |
SJC Nhatrang | 7,270![]() ![]() (40 ![]() ![]() |
SJC Cantho | 7,270![]() ![]() (40 ![]() ![]() |
Cập nhật 02-12-2023 15:23:59 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$2,072.13 | +32.01 | 1.57% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 23.680 | 24.150 |
RON 95-III | 22.990 | 23.440 |
E5 RON 92-II | 21.790 | 22.220 |
DO 0.05S | 20.190 | 20.590 |
DO 0,001S-V | 21.590 | 22.020 |
Dầu hỏa 2-K | 21.110 | 21.530 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $74.48 | -0.81 | -0.01% |
Brent | $79.11 | -0.95 | -0.01% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 24.080,00 | 24.450,00 |
EUR | 25.781,55 | 27.197,16 |
GBP | 29.888,43 | 31.161,13 |
JPY | 159,30 | 168,63 |
KRW | 16,07 | 19,48 |
Cập nhật lúc 15:17:30 02/12/2023 Xem bảng tỷ giá hối đoái |