Some of the additional impetus to growth came from agriculture, but this should not be seen as a sign that rural distress is over
Strong GDP growth changes mood, though some say kickstarting investment cycle still a work in progress
New GDP data does not change reality that 'macro-economic instability' was highest under the previous UPA government period, Economic Advisory Council to the Prime Minister (EAC-PM) member Surjit Bhalla said today. According to the back series data prepared by the by the Committee on Real Sector Statistics, constituted by the National Statistical Commission, Indian economy clocked a 10.08 per cent growth rate in 2006-07 under the then Prime Minister Manmohan Singh, the highest since liberalisation of the economy in 1991. "Rumour going around that UPA had higher growth; therefore no policy paralysis; "new" GDP data does not change reality that macro-economic INSTABILITY was highest under UPA-highest inflation ever, highest center + state fiscal deficits, highest corruption & highest policy paralysis," Bhalla said in a tweet. The report has been released on the website of the Ministry of Statistics and Programme Implementation (MOSPI). The report compares growth rates between old ..
At 7.7%, it is a seven-quarter high; full-year growth falls to 6.7%
Buoyed by India retaining its fastest growing economy tag, the government today said it is keeping its forecast of GDP growth of 7.5 per cent for fiscal year 2018-19 unchanged. Finance Minister Piyush Goyal said the 7.7 per cent GDP growth in the fourth quarter of 2017-18 showed the economy was on right track for higher growth in the future. The growth surpassed China's 6.8 per cent expansion in the January-March period. "GDP growth has been increasing continuously every quarter with growth of 7.7% in Q4 of 2017-18. Shows that the economy is on the right track & set for even higher growth in the future. This is the #SahiVikas under leadership of PM," Goyal tweeted. Speaking to reporters soon after GDP data for Q4 and 2017-18 was released, Economic Affairs Secretary Subhash Chandra Garg said the government is not cutting its FY19 growth forecast of 7.5 per cent. In 2017-18, the economy had grown by 6.7 per cent. He said he did not see any co-relation between oil prices and GDP ...
The positive surprise has been the high growth in agriculture of 4.5%
For the 2017/18 full fiscal year ended in March, growth came in at 6.7 per cent
That overall steady - but strong - view was supported by expectations for manufacturing activity to have slowed only slightly in May
GDP data is a critical input; we need a more capable system of measurement
Trends in the ingredients of the 'noughties' growth surge do not augur well for sustained 8 per cent plus growth in the future
Agriculture, industry to boost growth
Junaid Ahmad, country director of the World Bank, said the bank planned to lend $20 billion to $25 billion to India in the next five years
The biggest engine of growth continues to be government spending, which is supposed to grow by almost 11 percent in real terms this year
The government once again is to take the lead with 10.1% growth
Looking at sectoral growth rates, Q3 benefited from manufacturing growing by 8.1% and agriculture by 4.1%
Private consumption growth has returned to the pre-demonetisation levels but anecdotal evidence suggests otherwise
The economy is expected to grow at 6.6% in the current fiscal ending March 31, as per the second advanced estimates of the CSO, compared to 7.1% in 2016-17
India has demonstrated in the last few years that it has, even in a global environment of adversity, a potential to self correct itself, Jaitley said
What has also weighed on the economy is exports, which took a hit last year from an appreciating rupee, which strengthened 6.5% against the dollar in 2017
Gross fixed capital formation (GFCF) growth was revised to 10.1 per cent in FY17, the highest in this series, from the previously anaemic 2.4 per cent