India’s GDP Growth Picks Up To 7.7% In March Quarter

[1R0N M4N XL]

India’s economy strengthened in the January-March quarter, growing at a pace closer to potential and setting the stage for a tighter monetary policy.

GDP growth stood at 7.7 percent in the fourth quarter of 2017-18 compared with 6.1 percent in the same period last year, and a revised 7 percent in the quarter ended December 2017, according to data released by the Central Statistics Office today. A Bloomberg poll of economists had pegged GDP growth at 7.4 percent.

For the full financial year, GDP growth stood at 6.7 percent compared with 7.1 percent last year.

Gross value added growth, which strips out the impact of indirect taxes and subsidies, stood at 7.6 percent in the January-March quarter, taking the full-year growth to 6.5 percent.



Sectoral Trends
Growth in the farm sector in March quarter stood at 4.5 percent compared with 3.1 percent during October-December 2017.
The manufacturing sector grew at 9.1 percent versus 8.5 percent in the quarter ended December 2017.
The construction sector grew at 11.5 percent compared with 6.6 percent in the quarter ended December 2017.
The financing, real estate and insurance segment grew at 5 percent as against 6.9 percent in the quarter ended December 2017.
Mining sector saw growth of 2.7 percent as against a growth of 1.4 percent in the quarter ended December 2017.
The government spending-linked public administration segment grew at 13.3 percent versus 7.7 percent in the previous quarter.

https://www.bloombergquint.com/busin...-march-quarter

[Peterski]

^^^ But why do they want white servants instead of robots?