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31
May 2018
 |
GDP
(The Total Investment & Insurance Solutions)
India retained the fastest
growing economy tag, clocking a stellar 7.7 per cent in the three months
through March from a year earlier, government data showed on Thursday. For the
2017/18 full fiscal year, growth came in at 6.7 per cent.
A survey done had pegged the growth rate at 7.4 per cent for the fourth quarter.
The numbers are in line with the CSO estimates which pegged the GDP growth at 6.6 per cent. The Total Investment & Insurance Solutions
The robust fourth quarter GDP numbers indicate that the economy has recovered from the sluggishness witnessed in the first half due to policy disruptions on account of demonetisation and the patchy roll out the goods and services tax (GST). The Total Investment & Insurance Solutions
The uptick in GDP figure is supported by the buoyancy in the industrial productiondata in the fourth quarter. The core sector also witnessed a growth of 4.7 per cent in April compared to 4.4 per cent in March. The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, constitute 40.27 per cent of the total industrial production.
Economic growth for the third quarter (Oct-Dec) has been revised to 7 per cent from the earlier figure of 7.2 per cent. The GDP growth rate for the first quarter of FY18 was revised to 5.6 per cent from 5.7 per cent and for the second quarter it was revised to 6.3 per cent from 6.5 per cent.
The Central Statistics Office (CSO) revised its GDP projection for the fiscal FY18 to 6.6 per cent compared to the earlier figure of 6.5 per cent which was put out in the first advance estimate.
The Indian economy had expanded by 7.1% in 2016-17, 8.2% in 2015-16 and 7.4% in 2014-15. The Total Investment & Insurance Solutions
However, rising crude oil prices which showed its impact on the WPI for the month of April pose a challenge for the economy. The finance ministry had said that rising international oil prices may raise India's import bill up to $50 billion worsening the current account deficit (CAD).The Total Investment & Insurance Solutions
A survey done had pegged the growth rate at 7.4 per cent for the fourth quarter.
The numbers are in line with the CSO estimates which pegged the GDP growth at 6.6 per cent. The Total Investment & Insurance Solutions
The robust fourth quarter GDP numbers indicate that the economy has recovered from the sluggishness witnessed in the first half due to policy disruptions on account of demonetisation and the patchy roll out the goods and services tax (GST). The Total Investment & Insurance Solutions
The uptick in GDP figure is supported by the buoyancy in the industrial productiondata in the fourth quarter. The core sector also witnessed a growth of 4.7 per cent in April compared to 4.4 per cent in March. The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity, constitute 40.27 per cent of the total industrial production.
Economic growth for the third quarter (Oct-Dec) has been revised to 7 per cent from the earlier figure of 7.2 per cent. The GDP growth rate for the first quarter of FY18 was revised to 5.6 per cent from 5.7 per cent and for the second quarter it was revised to 6.3 per cent from 6.5 per cent.
The Central Statistics Office (CSO) revised its GDP projection for the fiscal FY18 to 6.6 per cent compared to the earlier figure of 6.5 per cent which was put out in the first advance estimate.
The Indian economy had expanded by 7.1% in 2016-17, 8.2% in 2015-16 and 7.4% in 2014-15. The Total Investment & Insurance Solutions
However, rising crude oil prices which showed its impact on the WPI for the month of April pose a challenge for the economy. The finance ministry had said that rising international oil prices may raise India's import bill up to $50 billion worsening the current account deficit (CAD).The Total Investment & Insurance Solutions
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