he Q4 GDP numbers tell a very good story as it indicates that there has been a continuous acceleration in the growth in the four quarters ending with 7.7 per cent in Q4. This is remarkable even though it comes with the advantage of a low base effect of growth of 6.1 per cent in Q4-FY17, which was conversely the lowest growth rate in the last year.
The better part of the story is that gross fixed capital formation has improved to 29.1 per cent in this quarter with an average of 28.5 per cent for the year. This was a concern so far which appears to be allayed to an extent. The main ...
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