On a sequential basis, India’s GDP growth for Q2 of the current fiscal went up to 6.3 per cent, from 5.7 per cent reported during the first quarter of 2017-18. According to data from the Central Statistics Office (CSO), the GDP for Q2 stood at Rs 31.66 lakh crore, or a growth of 6.3 per cent. India’s GDP had grown at 7.2 per cent in the corresponding quarter last year. So the Q2 GDP coming in at 6.3 per cent, as compared to 7.2 per cent last year, is quite encouraging at this point,” Anant said. “In fact, the government has extended the deadlines for filing GST returns, so the tax data for the relevant period is still coming in,” he said.

Source: Hindustan Times November 30, 2017 12:29 UTC