Nifty Tips: For Traders worried about the health of emerging worth, India's gross domestic product data for April-June should provide some cheer on Monday - the country is expected to remain the fastest growing major economy for a second straight quarter.
If the points is that high, it will be a boost for Prime Minister Narendra Modi, whose image as the country's worth Savior has taken a beating after his struggle to pass his legislative agenda.
But indecision persevere over India's new way of cunning GDP, introduced early this year, even though the method gained an support from the World Bank's Head economist. With the change method, India's growth topped that of China in the first phase this year.
Still, India's durable headline growth does not square with the not-so-rosy ground reality.
"Growth momentum has upgraded in the previous 2 years," said
Kaushik Das, an statistician with Deutsche Bank. "But the pace of recovery has been frustratingly slow."
Monday's data is expected to fuel hopes in New Delhi of taking the baton of global growth as China's economic slowdown deepens.