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GDP Growth Analysis Q2 FY18 Insights by Achint Kumar is a document available to read on EtoBox.
- Real GDP growth rose to 6.3% YoY in 2QFY18, in line with estimates, recovering from a three-quarter low of 5.7% in 1QFY18. This was driven primarily by a slower rise in imports reducing the drag from net exports. - GVA growth also increased to 6.1% YoY, led by stronger manufacturing growth offsetting weakness in services. - However, with agricultural production estimated to decline sharply in FY18, GVA and GDP growth forecasts for the full year have been revised down to 6.0% and 6.3% respectively.
- Author
- Achint Kumar
- Language
- EN