Domestic equity markets gain momentum on back of resilient Q1 GDP data: Report
NEW DELHI: Domestic equity markets went up following robust macroeconomic indicators, as India’s economy expanded by 7.8 per cent year-on-year (YoY) in Q1 FY26, marking the strongest growth in five quarters, a report said on Wednesday.
NEW DELHI: Domestic equity markets went up following robust macroeconomic indicators, as India’s economy expanded by 7.8 per cent year-on-year (YoY) in Q1 FY26, marking the strongest growth in five quarters, a report said on Wednesday.
While the Services PMI surged to 62.9 in August 2025, its highest level in over 15 years, driven by a sharp rise in new orders and resilient demand.
"Sentiment was further boosted as the GST Council simplified the existing four tax slabs (5, 12, 18, 28 per cent) into a two-rate structure of 5 per cent and 18 per cent -- and proposed a special 40 per cent slab for select luxury items such as high-end cars, tobacco, and cigarettes," ICRA Analytics said in its report.
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