"Average of two quarters growth is 6%. Hugo Erken, senior economist at Rabobank, whose own estimate for September quarter GDP growth was 5.9% and who had accurately predicted the June quarter growth at 5.7%, said the revival in the growth was sustainable. "A back-ended pick-up in spending by the state governments and a favourable base effect, are likely to contribute to a higher GVA growth in H2 FY2018 relative to H1 FY2018. Nayar, however, feels that the strength of "sequential recovery in Q2 FY2018 in GDP and GVA growth was mildly weaker than expected". Public administration and defence and other services growth slipped to 6% last quarter from 9.5 % in the same quarter last fiscal.

Source: dna December 01, 2017 00:37 UTC