Economy rebounds: GDP growth rate rises to 6.3% in September quarter

Manufacturing recovers; agri, services growth down

The country’s economic growth recovered to more than 6 per cent in the July-September quarter, backed by strong manufacturing, allaying doubts about disruptions caused by the goods and services tax (GST).

This was a break with five quarters of declining trends in growth, but India remained behind China in economic expansion.

It was destocking in the first quarter of 2017-18 due to pre-GST jitters that had pulled down gross domestic product (GDP) growth to a more than three-year low.

GDP rose 6.3 per cent in the quarter ended September, higher than the 5.7 per cent in the previous one on