The IMF projected the growth rate at 7% for FY20, while the World Bank saw it at 7.5%
Growth in livestock, forestry and fishing also seems to have played a big role in pushing the growth in the first quarter of 2018-19
This rise in the wage share, in the face of limited employment growth, implies that wages per worker are rising
The growth of the GVA at basic prices is expected to record an even sharper pickup to 6.9 percent in Q2 FY2018
Risks to the RBI's GVA growth forecast of 7.3% this fiscal are clearly tilted to the downside
Growth will be driven by consumption but reduction in lending rates should support investment demand