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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

BS Web Team & Agencies  |  New Delhi 

GDP Q2 numbers

The economic growth pace picked up to 6.3% in the three months ending in September, halting a five-quarter slide as businesses started to overcome teething troubles after the bumpy launch of

This is a sound acceleration from 5.7% in April-June, but still lags China's 6.8% and Philippines' 6.9% for the three months through September.

It was 7.5% in the year-ago period.

The data will help Prime Minister Narendra Modi, who is facing criticism over the hasty July launch of for hitting millions of small businesses due to complex rules and technical glitches.

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

Gross Domestic Product number may go up when it is finally revised: Hasmukh Adhia, Finance Secretary pic.twitter.com/t45As7UzZ9 — ANI (@ANI) November 30, 2017

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

Demonetisation and GST's impact is behind us and hopefully in coming quarters, we can look for an upwards trajectory: FM Arun Jaitley in Delhi pic.twitter.com/8rnxtCFBIg — ANI (@ANI) November 30, 2017

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

Last five quarters had witnessed a downward trend, GDP at 6.3% marks the reversal of that trend: FM Arun Jaitley on GDP growth figures pic.twitter.com/RLyKL4F4tE — ANI (@ANI) November 30, 2017

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

The most significant aspect is the fact that this quarter's positive result has been impacted significantly by the growth in manufacturing.: FM Arun Jaitley on GDP growth figures pic.twitter.com/rdrFbsNBnY — ANI (@ANI) November 30, 2017

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

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

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

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

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

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

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

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

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

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

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

Finance Minister Arun Jaitley addressing a press conference

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

Government’s reforms to push economic growth are working can be seen from that manufacturing has shown robust growth of 7% in Q2 and services at 7.1%. Gross fixed capital formation has increased from 1.6% in Q1 to 4.7% in Q2. — Arun Jaitley (@arunjaitley) November 30, 2017

First Published: Thu, November 30 2017. 15:59 IST
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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

The economic growth pace picked up to 6.3% in the three months ending in September, halting a five-quarter slide as businesses started to overcome teething troubles after the bumpy launch of

This is a sound acceleration from 5.7% in April-June, but still lags China's 6.8% and Philippines' 6.9% for the three months through September.

It was 7.5% in the year-ago period.

The data will help Prime Minister Narendra Modi, who is facing criticism over the hasty July launch of for hitting millions of small businesses due to complex rules and technical glitches.

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