But we cannot say now whether this will mark an upward trend in the growth rate,” he tweeted. 6.3% is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.”In terms of gross value added, growth was 6.1% in the second quarter compared with 5.6% in the first. GDP growth in the first half of the fiscal was 6% compared with 7.7% in the year earlier.October’s core sector growth of 4.7% added to the cheer, showing a strong start to the third quarter as well. The base effect of high 4.1% growth in agriculture in the first quarter of FY17 magnified the slowdown. The financial sector posted 5.7% growth in the July-September quarter, slower than 6.4% in the first.

Source: Economic Times November 30, 2017 12:09 UTC