Statsguru: The anatomy of India's GDP growth

The recovery is being widely attributed to the disruptive impacts of the goods and services tax lessening over time

GDP growth

The first Advance Estimates of national income, released in January, projected that economic growth will recover steadily in the second half of 2017-18. The second Advance Estimates released by the Ministry of Statistics and Programme Implementation last week showed that economic growth did actually cross the psychologically significant 7 per cent-mark in the third quarter of 2017-18. As a result, estimates for both gross domestic product and gross value added have been revised upwards, as shown in Chart 1. Chart 2 shows the salutary impact Q3 has had after Q1 growth slumped below the 6 ...