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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia Fiscal Year GDP Growth 3rd climbed to 8.2% in February 2024
FMPQuarterlyReleased May 2024
India Fiscal Year GDP Growth 3rd climbed to 8.2% in February 2024, released May 2024, up 1.0% from January's 7.2% reading.
Latest Release
8.200000
Actual
—
Consensus
7.200000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/INR | ▼ Inverse | −0.50 | FOREX | Bullish INR | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Fiscal Year GDP Growth 3rd (India) was reported at 8.2% in May 2024. The reading rose from the previous value of 7.2%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/INR (Bullish INR). A secondary relationship exists with XAU/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Industrial Production YoY (May 28) and Manufacturing Production YoY (May 28).
Auto-generated from current model state · Refreshes on each release · Last update May 2024.
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Fiscal Year GDP Growth 3rd - IN
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About Fiscal Year GDP Growth 3rd — India
DEFINITION
The Fiscal Year GDP Growth 3rd is a key financial indicator that measures the annual growth rate of a country's gross domestic product during the third quarter of its fiscal year. This indicator provides valuable insights into the overall economic performance and health of a nation, and is closely monitored by investors, policymakers, and businesses to make informed decisions. A positive growth rate indicates a thriving economy, while a negative growth rate may signal potential challenges.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (May 2024): actual 8.2 %. Prior reading (May 2023): 7.2 %. Before that (May 2022): 8.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with USD/INR (Bullish INR, r=-0.50) — a useful reference for forex-focused traders.