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  • Category: Miscellaneous

    GDP growth rate during the last quarter of 2017-18

    The result has been announced. The Indian economy has grown at the rate of 7.7% in the January-March quarter (Q4) of Financial Year 2017-18. At the same time, manufacturing and construction sectors have put up an impressive result with growth at 9.1% and 11.5%, respectively. The growth rate of 4.5% in the agriculture sector is being termed as 'very good' if not 'outstanding'.

    With this result, India's GDP growth for the entire Financial Year 2017-18 averaged at 6.7%, marginally above the RBI's prediction of 6.6%.

    I think the result of the last quarter and the overall performance will make the investors firmly believe in India's growth prospect in near future.
  • #638102
    Yes Sir, There are sure sings that the overall picture is very much promising. If the corrupt State Governments like Tamil Nadu, are made to follow the single window System for all clearances, the ease of doing business in India, will improve by leaps and bounds.

    Perhaps Modi, who is known to be totally honest and straight forward, should force or even threaten every Chief Minister to fall in line. The country will be all the more better, as the benefits of economic growth will be reflected in the common man's slightly better status as well.

  • #638104
    Yes Modi government is in upbeat mood for having registered good growth rate. But how come our Former PM Manmohan Singh and also Finance Minister many times in Congress is not happy with the growth. Given the demonetization and GST effect, this type of growth rate surely is impressive and on the other hand the uneasy calm and angry mood in farmers also showed good performance from agriculture. Now the world is seeing and seeking India's expert advise as to how to create a formidable growth rate. But unfortunately BJP could not cash on these good developments in to vote ?
    K Mohan
    'Idhuvum Kadandhu Pogum "
    Even this challenging situation would ease

  • #638128
    This is really good. The investor will be positive with this trend. It is good that the actual GDP growth rate is slightly higher than the predicted figure. Really it is an indication of the performance of the government. As mentioned by ABSivakumar, the state governments should also mend their ways and see that there will be a transparency in their governance and corruption should be brought down to Zero. In such case, the development will further improve and the financial position of India will improve.
    The Central government should see that the benefits they are passing on to the poor will directly reach them without any middlemen. Then the poor will also, become a little better in their living. All the government has taken some steps. But because of the intervention of these state governments, the people are not getting complete benefits and that is reflecting badly on the central government.

    always confident

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