Q3 GDP numbers surprise at 7%
By Abin Daya It has been over 19 months since the tumult over India’s GDP began. Many economists have questioned the government’s method of calculation since it was implemented in 2015. The latest announcement by the Indian government has placed the GDP at 7% which is a sudden increase from 4.7% as per growth estimates released in May 2013-14. The data released by the Central Statistics Office predict the GDP of Q3 FY17 at 7%. Let us look at the drivers behind it by breaking them up into components and comparing them with the previous figures. India’s GDP for Q3 of FY17 grew by 7% y-o-y, lower than the 7.4% (revised) growth of Q2 FY17 and higher than 6.9% of Q3 FY16 This has ...
India projected to be fastest growing economy over next 10 yrs
Source: PTI India will continue to be the fastest growing economy in the world in 2016 and 2017, projected to grow by 7.3% next year and 7.5% the year India, with a projected annual growth rate of 7%, has the potential to be the world's fastest growing economy over the coming decade, surging ahead of its South Asian economic rival China that will continue to see a slowdown, Harvard researchers said in new forecast. "India has the potential to be the fastest growing economy over the coming decade... India tops the global list for predicted annual growth rate for the coming decade, at 7.0%," new growth projections presented by researchers at the Centre for International Development (CID) at Harvard University showed. ...
