Economic growth during first quarter of 2018-19 is 8.2%The result has been declared yesterday. The Indian economy grew at the rate of 8.2% in the April-June quarter of current fiscal on the basis of good performance by the manufacturing and farm sectors. The growth confirms India's position as the fastest growing major economy, achieving a higher expansion rate than China's 6.7% in the same quarter. Not only that, the growth rate is a 15-quarter high record. The best growth rate was recorded in July-September period of 2014-15 at 8.4% (it was also during the present Government).
This achievement proves that the Indian economy is on solid ground despite the price increase of petroleum products in the international market. It also signifies that the economy has survived the initial hiccups after the introduction of GST.
Let common people celebrate this success. Let us also see what the pessimists say about Indian economy now.