Investment growth to witness a rise to 5.9% in the second half of FY18

Discrepancies in the estimation of GDP have shot up again from Rs 839 billion in FY17 to Rs 2,004 billion in FY18

Growth in investment is set to witness a rise to 5.9 per cent in the second half of FY18, compared to a 3.1 per cent growth in the first half, taking the annual investment growth to 4.5 per cent, according to the first Advance Estimate of national income for the financial year 2017-18.

The higher growth in the second half comes over a lower base; that of reduced investment in the two quarters immediately after demonetisation (Q3 and Q4FY17). 

Total investment in the country, represented by gross fixed capital formation (GFCF), is slated to be 29 per cent of gross