Q2 GDP growth raises some hope, but meeting FY18 forecast still not easy

To achieve at least 6.7% growth for full year, Indian economy must grow by at least 7.57% in each of the Oct-Dec and Jan-Mar quarters; performance of manufacturing, services sectors to be key

The Indian economy has to grow by at least 7.5 per cent in each of the remaining two quarters of the current financial year, if it has to come anywhere near the various growth forecasts made by different agencies. This is one message policy makers cannot ignore while they interpret the economic growth numbers for July-September 2017, released by the Central Statistics Office on Thursday.
 
In its last monetary policy statement on October 4 this year, the Reserve Bank of India had lowered its growth projection for 2017-18 to 6.7 per cent, down from the earlier figure of 7.3