Finance Minister Pranab Mukherjee today said economic growth will pick up in the fourth quarter of the fiscal, even as it slipped to 6 per cent in the third quarter from around 8 per cent in the preceding three-month period.
"I am confident that fourth quarter GDP will pick up," Mukherjee said at a CII function.
He added that the economic growth during the third quarter of this fiscal slowed down to 6 per cent from 7.9 per cent in the previous quarter because of negative growth in agriculture by over 2 per cent.
Mukherjee said the double-digit food inflation is a major concern and the Centre is taking steps along with the states to cool the surging food prices in the next few months.
Even as the government had announced partial rollback of stimulus measures, Mukherjee said the recovery is not completely broadbased and continues to be driven by government stimulus spending.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app