Business Standard

Volatile growth, cooling inflation: Economy gave mixed signals in 2018

Economists say growth will come down in the next and the following quarters

Rewind 2018: Dull private investment, financial stress a worry
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Indivjal Dhasmana
India's economy gave mixed signals in 2018 with growth remaining volatile and inflation cooling.
 
However, food inflation reflected rural distress. On twin deficits, the fiscal deficit presented a worrying picture, and the current account deficit touched around 3 per cent of gross domestic product by the third quarter of the year.
 
The economy began the year with a 7.7 per cent GDP growth rate in the January-March quarter. It further rose to a two-year high of 8.2 per cent in the next quarter. When the low-base effect waned, the economy gave the real picture by expanding at just 7.1 per

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First Published: Dec 27 2018 | 11:12 PM IST

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