|Bid||84.37 x 100|
|Ask||84.67 x 100|
|Day's Range||84.13 - 84.94|
|52 Week Range||60.65 - 86.95|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.89%|
India is digging out of its deepest economic slump in three years, and is seeking more private investment to help boost growth. Private consumption decelerated because of demonetization -- the removal and slow replacement of 85% of the country's rupees last November. Then this year, India finally adopted a Goods and Services Tax (GST).
Recently, the Indian government revised the base year for calculating macroeconomic indicators from 2004–2005 to 2011–2012.
Indian GDP surprised to the upside for the final quarter of 2016, growing 7% year-on-year, slower than 7.4% in the previous quarter but better than a market consensus of 6.1%, and our own expectation for 6.5% growth. We had warned that consensus was ...