India's GDP growth hits six-year low, raising prospects of more stimulus [CNBC]
HDFC Bank Limited (HDB)
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Source: CNBC
India's GDP growth hits six-year low, raising prospects of more stimulus An n factory worker using a textile fabricating machine at a production unit in the south n city of Tiruppur. Arun Sankar | AFP | Getty Images 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 (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 , it said. The RBI has cut its benchmark repo rate by 110 basis points so far this year, and a further cut of at least 25 points at its next monetary policy committee meeting in October now appears on t
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HDB
Sec Filings
- 4/24/24 - Form 6-K
- 4/24/24 - Form 6-K
- 4/23/24 - Form 6-K
- HDB's page on the SEC website