The GDP growth rates for the United States and India are set to be released next week, with the U.S. GDP data scheduled for Thursday. India's economy grew by 7.8% in Q1 2024, significantly above initial forecasts. Data for the second quarter will be released next Friday
If India's GDP growth rate exceeds expectations, it could boost market confidence and drive stock market gains, particularly in sectors reliant on domestic economic growth, such as consumer goods, banking, and infrastructure. However, if the data falls short of expectations, the market may face downward pressure, and investors might worry about the impact of an economic slowdown.
