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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 

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 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 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 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 In the long-term, the revenues in a more efficient system are bound to go up: FM We’re hoping for higher growth rate in the coming years. Growth boost has happened due to rise in manufacturing: FM

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 GST. 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 GST for hitting millions of small businesses due to complex rules and ...

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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

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