For a few quarters, take all year-on-year (y-o-y) growth figures about the Indian economy with a pinch of salt. The 5.8% GVA growth in the first half of FY18 came on top of a 7.2% growth in the first half of FY17, while the 6.4% growth came on top of a plunge in growth to 6.1% in the second half of FY17. But export growth is expected to spurt to 7.6% in the second half of FY18, compared with a mere 1.2% growth in first half. Growth in imports in the second half has been pegged at 17%, well above the growth of 10.4% for the first half. But the drag on GDP from negative net exports will be lower in the second half than in the first.

Source: Mint January 08, 2018 01:52 UTC