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Centre was unable to create any advantage for India when oil prices were muted during February 2016, said Amit Mitra
'Does the new series represent a fuller description of the manufacturing value added, or is it an overestimation?' the authors wrote
According to official data, the Indian economy grew at a two-year high of 8.2 per cent in the April-June quarter of current fiscal
GST, reforms in Ease of Doing Business, FDI, labour, agriculture, and many other initiatives have begun to show impact: CII
Experts are of the opinion that the two sectors - manufacturing and agriculture - that aided GDP growth in Q1FY19 might slow in quarters ahead
Manufacturing grew at 13.5% in Q1FY19 aided by a low base effect
Congress said while the government was taking credit of GDP accelerating at the rate of 8.2 per cent in the first quarter, the hidden reason is the base effect
The services sector grew at a slightly slower pace of 7.3% in Q1FY19
Gross of devolution to the states, both direct and indirect taxes have recorded a modest growth in April-July 2018, with the former likely to be on account of high refunds
The positive feature was a broad-based pattern of growth with the exception of mining. This is a surprise given the strong performance of the coal sector as revealed in the core sector data
Regardless of its relentless propaganda, the fact remains that the government has wasted a great opportunity to boost GDP growth
Slapping a note on a published report saying figures aren't final and should "not be quoted anywhere" - after they've been quoted everywhere - only helped highlight the government's embarrassment
GDP back series only confirms India's growth trajectory
"Under the new GDP series, there has been reallocation of a few items from one sector to another, from services to manufacturing sectors"
Chidambaram says the Modi government had inherited an economy that was on the upswing
As per the back series data on GDP, Indian economy clocked a 10.08 per cent growth rate in 2006-07, the highest since liberalisation of the economy in 1991
ndia's per capita GDP per annum grew 26 times between 1958 and 2018.
The new series has 2011-12 as the base year and the earlier series had 2004-05 and 1993-94
"The projection is in line with the estimates put out by the Reserve Bank earlier this month," it said
The IMF forecasted India's growth at 7.3 percent in the fiscal year through March 2019 and 7.5 percent in the year after that