Jaitley: India has standardised itself for growth rate of 7-8%

03 Diciembre, 2017, 00:07 | Author: Arnold Perez
  • A Kashmiri labourer works inside a silk factory on the outskirts of Srinagar

The growth in the agriculture slowed to 1.7% compared to 2.3% in the last quarter and 4.1% in the same quarter previous year.

Finance Ministry officials hope the central bank will cut interest rates soon, but analysts say that rising global oil prices, which could pinch consumers through higher inflation, may instead force the RBI to hike in the second half of 2018, denting growth momentum.

The new numbers indicate that the economy is recovering after it hit a temporary slump following last year's note ban and the rollout of GST. The data also showed that the gross domestic product or GDP numbers expanded due to accelerated growth of manufacturing sector in the country.

Moody's had upgraded India's sovereign credit rating for the first time in 14 years on account of progress in economic and institutional reforms boosting growth potential. "The Modi governments efforts are ensuring better prospects for each Indian", he said in a statement and series of tweets. But we can not say now whether this will mark an upward trend in the growth rate. The rate of growth of gross fixed capital formation increased from 1.6 per cent in the first quarter to 4.7 per cent in the second quarter.

The Finance Minister further said, "The deceleration in overall growth witnessed since the first quarter of the last fiscal has been reversed and the economy now seems to have weathered the transitional challenges experienced earlier in the year and appears poised for a durable recovery going forward".

More news: Sampaoli le respondió a Maradona
More news: Trump weighs plan to oust Tillerson, put CIA's boss at State
More news: Amazon Offers Early Showings of 'Jumanji: Welcome to the Jungle'

Congress head of communications department Randeep Surjewala said, "Improvement of GDP numbers is an encouraging sign, but it is just a temporary pause from the downward trend". The growth in construction sector was projected at 2.6% compared to 4.3% in the same quarter previous year. The growth in public administration, defence and other services also stood at 6 per cent. "Only talking. No performance", Banerjee said in a tweet, attacking the central government.

The GDP for the July-September quarter showed a growth rate of 6.3 per cent after the previous quarter recorded a three-year low of 5.7 per cent.

"We estimate India's full year GDP growth to pick up from 6.7 percent in FY18 to 7.3 percent and 7.5 percent in FY19 and FY20, respectively".

Government spending slowed in the quarter, growing 4.1 per cent, as against 17.1 per cent in the June quarter.

Recomendado:



Popular

Arab media: 12 Iranians killed in 'Israeli strike' in Syria
Saturday's report also says that Syrian air defenses shot down two of the Israeli missiles. Tehran has helped prop up the Syrian regime with militias and officers.

El proyecto de reforma fiscal en EEUU se estanca en el Senado
Además tiene el objetivo de eliminar las penalizaciones para aquellos estadounidenses que no contraten un seguro médico. La rebaja impositiva promovida por Trump es la mayor desde la de 1986 del expresidente Ronald Reagan.

Dejan cabezas humanas frente a sede de Televisa — México
Tras destapar la hielera se descubrió en su interior un mensaje de amenaza contra un mando de la Policía y que ambas cabezas era del sexo masculino.

Prince William Delivers George's Handwritten Christmas List to Santa
The youngster appears to have also circled an option stressing he's been on his best behaviour for the previous year . After trying really hard to be a good boy all year, Prince George has very politely asked Santa for a police vehicle .

Randi Zuckerberg: Alaska Airlines Encouraged Pervert To Harass Me
In a letter to the airline she posted on Twitter , she said the man's harassment began immediately after she boarded the plane. We are driven to learn continuously, to lead, and to do the right thing.

Mujer descubre infidelidad de su esposo por extraña foto en Instagram
El hombre se justificó alegando que había invitado a unos amigos a tomar algo antes de ir al cine , esto cuando ella no estaba. Yulia no pudo contenerse y comentó la publicación con un irónico " hermosa vista desde el dormitorio de mi esposo ".

"Hermano comestible", el primer restaurante del mundo que vende carne humana
Se trata de un local que fue inaugurado en Tokio , Japón , país que permite el consumo de carne humana . La carne se compra de personas que deciden vender sus cuerpos antes de morir para ser consumidos .

Barcelona le dio una clase de fútbol al Murcia
Sevilla superó sin problemas a Cartagena por 4-0 como local (global de 7-0) y avanzó a los octavos de final. El equipo de Ernesto Valverde se adelantó en la primera parte por intermedio de Paco Alcácer .

La contundente respuesta de Nicole y Moyano
Es que este político fue visto muy cariñoso con una morocha en un boliche de Palermo. Total, tú sabes quién eres, qué haces, qué hiciste, qué dijiste y ellos no".

Melania Trump "enfurece" contra revista de moda
Una réplica de la Casa Blanca hecha a base de 136 kilos de jengibre. Si algo nos queda claro que tiene la primera dama, es estilo.