India's GDP growth hits six-year low, more stimulus expected [Reuters]
HDFC Bank Limited (HDB)
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Source: Reuters
India's GDP growth hits six-year low, more stimulus expected - Reuters 4 Min Read NEW DELHI (Reuters) - India’s economy grew at its weakest pace since 2013 between April and June as consumer demand and government spending slowed amid global trade frictions, raising chances of the central bank cutting interest rates further at its next meeting. Asia’s third largest economy expanded just 5.0% year on year, official data showed on Friday, far below the 5.7% forecast in a Reuters poll of economists - and analysts believe the slowdown could persist for two or three years while much needed structural reforms are put in place. In its annual report on Thursday, the Reserve Bank of India (RBI) said a big push on infrastructure spending would be needed to revive consumer demand and private investment. Structural reforms - covering labour laws, taxation and the legal system - were also required to ease the path for businesses in India, it said. The RBI has cut its benchmark repo rate by 110 basi
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HDB
News
- HDFC Bank Limited (NYSE: HDB) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- 100 Countries with Lowest GDP Per Capita [Yahoo! Finance]Yahoo! Finance
- HDFC Bank: The Jury Is Still Out, Although The Risk-Reward Is In A Better Place [Seeking Alpha]Seeking Alpha
- 20 Fastest Growing Economies in Asia in 2024 [Yahoo! Finance]Yahoo! Finance
- HDFC Bank Limited (HDB) Benefitted From the Strong Growth of the Indian Economy [Yahoo! Finance]Yahoo! Finance
HDB
Sec Filings
- 4/23/24 - Form 6-K
- 4/22/24 - Form 6-K
- 4/22/24 - Form 6-K
- HDB's page on the SEC website