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At 7.3%, Q2 GDP growth below expectation

Rises marginally from 7.1% in April-June; demonetisation, investment drop to make road ahead tougher

Indivjal Dhasmana  |  New Delhi 

Economic growth rose slightly to 7.3% in the second quarter of the current financial year from 7.1% in the first quarter and that too when it was pushed up by the government expenditure. The growth was lower than expected 7.5% for the second quarter and 7.6% registered in July-September of 2015-16, which may propel RBI to cut the policy rate in its December review as inflation is also benign.  The data indicate that the economy may witness the heavy impact of demonetisation in the third quarter and even some part of the fourth quarter.  The growth declined to ...

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