India improved its ranking significantly in the World Bank's Ease of Doing Business survey while global ratings agency Moody's Investor Services upgraded the country's sovereign rating. The 6.3% growth in the September quarter has helped break the cycle of 5 quarters of slowing growth. "The clear conclusion that one can draw is that the value added originating from the rural sector has slowed more sharply than the urban sector for the first half. "While improving modestly, construction stood out as the slowest growing of the industrial sub-sectors in the second quarter of FY2018. That would have negative implications for employment," ratings agency Crisil said in note.

Source: Times of India November 30, 2017 20:58 UTC