Compared to the corresponding quarter in the last year, the GDP growth rate seems to lose it lustre given that the government had clocked in a formidable 7.5 per cent. As per the data released by the government, in terms of Gross Value Added (GVA) at basic price, agriculture, industries and services registered a strong growth rate of 6.1 per cent vis-a-vis the corresponding quarter growth of 5.6 per cent last year. Even manufacturing registered a strong spike of 7 per cent growth vis-a-vis the same quarter in the last FY. Over the last three years, India has consistently managed to record one of the highest GDP growth across the world. Going forward, the challenge will lie in overcoming the twin-balance sheet problem which continues to retard corporate growth in India.

Source: dna December 01, 2017 01:37 UTC