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The calm before the storm

Lower-than-expected GDP growth portends a grim year

Business Standard Editorial Comment  |  New Delhi 

The Central Statistics Office on Wednesday released data that showed the gross domestic product (GDP) grew by 7.3 per cent in the second quarter of the current financial year. Although this is faster than the preceding quarter, the growth is slower than the 7.6 per cent notched up in the same quarter last year. The economy was expected to have turned the corner in the last quarter of 2015-16 with a growth rate of 7.9 per cent, but those expectations were belied when the first quarter underwhelmed with just 7.1 per cent growth. Yet hope floated. The first quarter was seen as possibly the ...

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The calm before the storm

Lower-than-expected GDP growth portends a grim year

Lower-than-expected GDP growth portends a grim year The Central Statistics Office on Wednesday released data that showed the gross domestic product (GDP) grew by 7.3 per cent in the second quarter of the current financial year. Although this is faster than the preceding quarter, the growth is slower than the 7.6 per cent notched up in the same quarter last year. The economy was expected to have turned the corner in the last quarter of 2015-16 with a growth rate of 7.9 per cent, but those expectations were belied when the first quarter underwhelmed with just 7.1 per cent growth. Yet hope floated. The first quarter was seen as possibly the ... image
Business Standard
177 22

The calm before the storm

Lower-than-expected GDP growth portends a grim year

The Central Statistics Office on Wednesday released data that showed the gross domestic product (GDP) grew by 7.3 per cent in the second quarter of the current financial year. Although this is faster than the preceding quarter, the growth is slower than the 7.6 per cent notched up in the same quarter last year. The economy was expected to have turned the corner in the last quarter of 2015-16 with a growth rate of 7.9 per cent, but those expectations were belied when the first quarter underwhelmed with just 7.1 per cent growth. Yet hope floated. The first quarter was seen as possibly the ...

image
Business Standard
177 22

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