Reuters - Video

Edition: US | UK | IN | CN | JP

video Business

U.S. airlines reviewing Boeing 737 MAX upgrade
U.S. airlines reviewing Boeing 737 MAX upgrade - 02:03
Cardi B files for 'Okurrr' trademark
Cardi B files for 'Okurrr' trademark - 01:10
Wall Street tumbles, yields fuel economic fears
Wall Street tumbles, yields fuel economic fears - 01:12
NBA star 'Shaq' O'Neal joins Papa John's board
NBA star 'Shaq' O'Neal joins Papa John's board - 01:30
Take some profit, buy defensive stocks, says Ed Cofrancesco
Take some profit, buy defensive stocks, says Ed Cofrancesco - 04:20
Doctolib 'unicorn' bets on video doctors
Doctolib 'unicorn' bets on video doctors - 01:45
Breakingviews TV: CLSA exits
Breakingviews TV: CLSA exits - 07:45
Tiffany loses some holiday sparkle
Tiffany loses some holiday sparkle - 00:58
Jaguar Land Rover wins case against Jiangling Motors in China
Jaguar Land Rover wins case against Jiangling Motors in China - 00:58
Deutsche Bank chief paid $8 million as top bosses gain first bonuses for four years
Deutsche Bank chief paid $8 million as top bosses gain first bonuses for four years - 01:03
Boeing races to reassure as first airline asks to cancel MAX 8 order
Boeing races to reassure as first airline asks to cancel MAX 8 order - 01:46
Europe markets: grim PMIs puncture Brexit boost
Europe markets: grim PMIs puncture Brexit boost - 01:38
Euro zone business growth worse than expected in March, Japan output falls
Euro zone business growth worse than expected in March, Japan output falls - 01:46
Ethanol prices spike after Midwest floods
Ethanol prices spike after Midwest floods - 01:21
Boeing races to reassure airlines over safety
Boeing races to reassure airlines over safety - 01:46
Exclusive: UPS to test home vaccination service
Exclusive: UPS to test home vaccination service - 02:02
Buy this market on dips, says Peter Cardillo
Buy this market on dips, says Peter Cardillo - 04:14
Boeing faces questions over 737 MAX 8 training
Boeing faces questions over 737 MAX 8 training - 01:53
Biogen shares tank on scrapping Alzheimer trials
Biogen shares tank on scrapping Alzheimer trials - 00:58
Tencent profit dives after Chinese gaming review
Tencent profit dives after Chinese gaming review - 01:27

India's strong GDP data leaves economists dazed

Wednesday, March 01, 2017 - 01:08

India defies expectations to retain the title of the world's fastest growing major economy, despite the pain caused by Prime Minister Narendra Modi's shock crackdown on cash. Samantha Vadas reports.

▲ Hide Transcript

▶ View Transcript

India retaining the title of the world's fastest growing major economy on Wednesday (March 1) after its GDP growth came in at a robust 7 percent at the end of 2016, despite New Delhi's shock cash crackdown. The outcome for the quarter to December defying expectations. Analysts in a Reuters poll had predicted a much lower rate of 6.4 percent. Prime Minister Narendra Modi made a decision in November to rid old 500 and 1000 rupee notes, scrapping 86 percent of the cash in circulation almost overnight. The move - aimed at fighting tax evasion and corruption - has left small businesses across the country in disarray. One manufacturer telling Reuters the cash crunch had meant customers were only buying essentials. The demonetisation was expected to take its toll on the country's economy. Little surprise then as to why Tuesday's (February 28) healthy GDP rate has left economists scratching their heads. Not to mention why there are fresh doubts about the quality of India's data reporting.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Close

India's strong GDP data leaves economists dazed

Wednesday, March 01, 2017 - 01:08