GDP LIVE: Growth boost has happened due to rise in manufacturing, says FM

Q2 GDP growth at 6.3%, rises from 5.7% in June quarter

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In the long-term, the revenues in a more efficient system are bound to go up: FM

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We’re hoping for higher growth rate in the coming years. Growth boost has happened due to rise in manufacturing: FM

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Demonetisation and GST's impact is behind us and hopefully in coming quarters, we can look for an upwards trajectory: FM

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Hopefully, we will go back to higher growth rates in coming quarters: Jaitley 

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Last five quarters had witnessed a downward trend; GDP at 6.3% marks the reversal of that trend: FM

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Finance Minister Arun Jaitley addressing a press conference

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Read experts' reaction here:

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According to Central Statistics Office (CSO) data, the economic activities that registered growth of over 6 per cent in the second quarter are manufacturing, electricity, gas, water supply, other utility services and trade, hotels, transport and communication, and services related to broadcasting. The agriculture, forestry and fishing sector is estimated to have grown by 1.7 per cent.

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Construction continues to be low. It is indicator driven and based on steel and cement, and those numbers have not show high growth : TCA Anant

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Devendra Fadnavis tweets: A big blow to all those who were criticising #GST ‘s historic decision! Great News that quarterly GDP growth accelerates to 6.3% against 5.7% from the previous quarter. Thanks to the continuous reforms by Hon @narendramodi ji that our Nation is conquering peaks of success !

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After 5 quarters of declining trend, we see a reversal in trend in GDP growth rate; it is very encouraging: Anant

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Manufacturing growth has been one of the main reasons in the encouraging growth rate figure of 6.3 % for 2nd Quarter: TCA Anant

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GDP growth recovers to 6.3% in Q2 from a 3-year low of 5.7% in Q1: TCA Anant

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Performance in agriculture held up by non-crop sections: TCA Anant

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Businesses facing problem in filing taxes due to GST: TCA Anant

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After almost five quarters of decline, GDP numbers mark a reversal that is very encouraging: TCA Anant

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Compared to last year, the performnace in agriculture is not good: TCA Anant

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TCA Anant, Chief Statistician of India, speaking to media