Manufacturing activity pushes up GDP growth; investments grow by 4.7% in Q2

Economic growth in India had slowed down over the last two quarters

Manufacturing activity in India rebounded in the second quarter (Q2) of FY18, as companies ramped up production to meet the festive demand, pushing up overall economic growth. Investment activity also witnessed an uptick after lacklustre performance in the last two quarters.

Over the last two quarters, economic growth in India had slowed down, as the economy dealt with the twin shocks of demonetisation and the goods and service tax (GST). But gross value added (GVA) rebounded in Q2 FY18, growing by 6.1 per cent, up from 5.6 per cent in Q1. 

Core GVA, which excludes agriculture and government spending, grew