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India's GDP train may have slowed down but has more gravy for job seekers

An Icra report suggests India's GDP growth may have slowed down to 7.2% in Q2 amid higher fuel prices and downbeat agri and industry, but on the brighter side EPFO data show a pick-up in job additions

GDP growth
GDP growth

A recent Icra report said India's gross domestic product (GDP) growth may have slowed down in the July-September quarter compared to the first quarter of the current financial year. It pegged GDP growth at 7.2 per cent for the second quarter, dragged down by lacklustre agriculture and industry.   Higher fuel prices and the weak rupee were pointed out as the primary factors dragging the industrial growth, while an uneven and sub-par monsoon, flooding in some areas amid a late withdrawal of the monsoon rains, and instances of crop damage and pest attacks hurt the farm ...