GJ Town India

India to maintain a high growth rate in the current global environment! The Second Quarter Data for the GDP growth for the Financial 2018-19 has been released & in the context the Ministry of Finance makes the Statement that, the Second Quarter has seen a reasonable overall GDP growth of 7.1%.   The H-1 2018-19 growth of the GDP is 7.6% and the H-1 GVA growth is 7.4%.  The growth in the Second Quarter is on higher base compared to the growth of the First Quarter.   The Manufacturing Growth on a base of 7.1% in Q2 2017-18 has been 7.4% in Q2 2018-19.  The Construction Sector has grown by 7.8%.  The Gross Fixed Capital Formation as a ratio of GDP has increased by almost 1.3 percentage points over Q2 of last year.   The exports for Q-2 have grown by 13.4%.   The Government consumption for the Quarter has also significantly increased by 12.7%.   This Quarter also faced the challenge of higher oil prices resultin...

GDP Q2 a positive signs for India’s Economic prospects in the coming quarters The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation released the estimates of Gross Domestic Product (GDP) for the second quarter (July-September) Q2 of 2018-19. As per the CSO, growth rate estimates of GDP at Constant Prices for July-September 2018 stand at 7.1%.   These estimates represent a sizable jump from last year’s Q2 growth rate estimates of 6.3%, indicating sustained acceleration in India’s economic growth. The CSO estimates state that GDP at constant prices was Rs. 33.98 lakh crores for Q2, 2018-19, which is a marked increase from of Rs31.72 lakh crores and Rs29.79 lakh crores for the same period in 2017-18 and 2016-17, respectively. Welcoming this development, Dr Bibek Debroy, Chairman of the Economic Advisory Council to Prime Minister (EAC-PM) attributed this positive trend to government’s successful policy efforts in maintaining a stab...