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India’s Q1 Gross Domestic Product expands beyond expectations: What it means for Indian Rupee

Source Fxstreet

India’s Q1 Gross Domestic Product (GDP) data rises at a steady pace of 7.8% Year-on-Year (YoY), faster than estimates of 7.2%.

Economic Indicator

Gross Domestic Product Quarterly (YoY)

The Gross Domestic Product released by the Ministry of Statistics is a measure of the total value of all goods and services produced by India. The GDP is considered as a broad measure of Indian economic activity and health. Generally speaking, a high reading is seen as positive (or bullish) for the Rupee, while a falling trend is seen as negative (or bearish).

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