India is expected to grow 7.3% in 2019, but is the estimate reliable?
Economic growth worldwide has taken a hit, and India is not outside the softening growth projections. A fair comparison could be made with China for whom the Sino-American trade war is proving hazardous. But India may be in a better position than China, as IMF says that being the six-largest economy in the world, India has the potential to grow by 7.3% in 2019.
However, these sources are unreliable.
The former chief economist of IMF himself expressed doubts over the veracity of these numbers, calling them ungrounded since there isn't any substantial job growth in India.
Consequently, he suggested that India should delegate the analysis to an independent third party body that could take a detailed look at the existing economy and come up with accurate numbers and realistic strategies.
China has also been criticized over its dubious growth figures, but some sources justify that it’s simply difficult to compile reliable data for emerging markets like India and China.
According to the World Bank’s statistical capacity score, India is in the 91st percentile in its ability to produce high quality aggregate data, beating China in its score at 77th percentile. This indicates that the nation should have a much easier time compared to China when it comes to providing investors with accurate numbers.
Reasons for the unreliable numbers in India are frequently, perhaps rightly, attributed to its strained relation with Pakistan over Kashmir issue, corruption and misinformation. Also, political instability in the country is also creating uncertainty in the market.
Momentum Indicator for INDY turns negative, indicating new downward trend
INDY saw its Momentum Indicator move below the 0 level on July 11, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 84 similar instances where the indicator turned negative. In of the 84 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for INDY turned negative on July 10, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 43 similar instances when the indicator turned negative. In of the 43 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where INDY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
INDY moved above its 50-day moving average on June 20, 2025 date and that indicates a change from a downward trend to an upward trend.
The 50-day moving average for INDY moved above the 200-day moving average on June 06, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where INDY advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 311 cases where INDY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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Category WorldStock
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