India's economy slows to a near two-year low, affecting stock markets and prompting potential RBI rate cuts.

India's economic growth slowed to its lowest in nearly two years in the September quarter, raising concerns about the stock market. Foreign investors have withdrawn $2.6 billion from equities, causing the NSE Nifty 50 Index to fall by 8% from its September high. Analysts predict a potential RBI rate cut to stimulate the economy, though earnings weaknesses pose challenges. Despite the slowdown, some remain optimistic about India's long-term growth.

December 02, 2024
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