News dalla rete ITA

6 Marzo 2018

India

THE ANATOMY OF INDIA'S GDP (GROSS DOMESTIC PRODUCT) GROWTH

According to the press, the first & second advance estimates released by Ministry of Statistics & Programme Implementation (MSPI) , projected that economic growth will recover steadily in the second half of 2017-18 and that economic growth did actually cross the psychologically significant 7 per cent-mark in the third quarter of 2017-18 As a result, estimates for both gross domestic product and gross value added have been revised upwards. Overall, compared to financial year 2016-17, growth in financial year 2017-18 has been driven by trade, financial services and public administration. While these were the outstanding performers, equally heartening was the rebound in the manufacturing sector which reached to 8.1% in 3rd Quarter (Oct-Dec’2017) from 6.9% in 2nd Quarter (July-Sept’2017). The recovery is being widely attributed to the disruptive impacts of the goods and services tax lessening over time. (ICE NEW DELHI)