The Q2 gross domestic product (GDP) growth number is definitely
lower than was expected at 7.1 per cent for two reasons. A higher growth looked
logical, given that there was a favourable post-goods and services tax (GST)
base effect in Q2FY18, when growth slowed to 6.3 per cent.
Second, corporate results looked good for the manufacturing sector
and would have indicated a more buoyant growth rate, which was not to be.
Therefore, in a sense, the number is a bit of a disappointment. More so because
to reach towards 7.4-7.5 per cent for the full year would require sustained
growth in the ...
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