A median poll of 10 economists by the ET had showed the economy clocking growth figures of 6.7%, 20 basis points more than that of the RBI estimate for the quarter. A Reuters poll of economists estimated India s GDP growth at 6.8% in the July-September period, easing from the previous quarter s 7.8%.
The Indian economy is “remarkably resilient” amid a global slowdown because of “solid” domestic demand, moderate inflation, sustained capital expenditure and continued buoyancy in revenue collections, the finance ministry said in its monthly review on Tuesday. | Latest News India
India s office space leasing, projected at 32-34 million sq ft this financial year, faces stagnation due to global uncertainties affecting key tenant sectors. Despite this, inherent market strengths and the return-to-office trend suggest a medium-term demand surge, stabilizing owners credit profiles. Dominated by tech firms and GCCs, current modest demand, especially in IT/ITeS and global sectors, contrasts with buoyant segments like BFSI, consulting, and e-commerce.
Burberry will struggle to meet its annual revenue forecast of low double-digit growth after a global slowdown in luxury spending, it said as it reported a sharp slowdown in sales growth.