Statsguru: India's GDP growth is losing steam or gaining momentum?

A key concern, given the lower than expected growth, is the adverse impact on fiscal deficit

News on India’s economic-growth front continued to disappoint as the Central Statistics Office released the first Advance Estimates for gross domestic product (GDP) growth for FY18. As Chart 1 details, growth in both GDP as well as gross value added (GVA) is expected to decelerate to their lowest levels since the last general elections. This is crucial, since higher economic growth was one of the key electoral concerns. By the look of it, it is likely to remain so, as India awaits another election in just over a year. 

Chart 2 provides a sectoral break-up of the growth slowdown.