This is the slowest pace of growth in the country's economy in the last four years.
"An arrogant Prime Minister Narendra Modi and a failed Finance Minister Arun Jaitley, hell bent upon ignoring economic wisdom, have dealt a catastrophic blow to India's growth story as proved by the latest GDP estimates slumping from 7.3 per cent to 6.5 per cent", he said. Given the tepid growth estimates from agriculture, it gives us a feeling that the budget 2018 will have a higher focus on agriculture and rural economy. He also indicated that the government could find it hard to achieve its fiscal deficit target of 3.2 per cent of GDP.
Commenting on the advance growth estimate released by the CSO here on Friday, NITI Aayog vice-chairman Rajiv Kumar said that the GDP growth will become more robust in 2018-19."The economic activity has been picking up over the past three quarters and can be expected to strengthen in the coming period", he said. That is a full one per cent downgrade from the FM's earlier projection of around 7.5 per cent growth this financial year.
"Advance GDP growth estimate of 6.5 per cent shows that the reform measures undertaken by the government are yielding results, because 6.5 per cent for the full year means that Q3 and Q4 numbers will be far better than first half of the year. The investment growth of nearly twice of a year ago indicates that investment is reviving", economic affairs secretary Subhash Chandra Garg said. The data also showed that manufacturing output returned to growth after a weak second quarter, although construction output contracted for the second quarter in a row.
CSO estimates suggest that in the current fiscal, the (Gross Value Added) growth in agriculture, forestry and fishing sector is set to decline to 2.1% as against the previous year's growth rate of 4.9%. Notably, the expected growth rate is lesser than last two year's GDP of 7.1 percent and 8 percent respectively.
As GST collections slipped to Rs 80,808 crore in November, down from an average of Rs 90,000 crore in the previous months, and with the government planning to borrow an additional Rs 50,000 crore via gilts, which is double the amount that was estimated by the market, the GDP growth for FY18 may range between 6% and 6.5%.
"It is heartening that gross fixed capital formation is on a recovery path, as a turnaround in investments is imperative for a sustained recovery to take hold".
Economic Affairs Secretary Subhash Chandra Garg said: "GDP growth of 6.5 per cent for 2017-18 implies growth of 7 per cent for the second half".
The explosion occurred late on Sunday morning at the Varby Gard station, in Stockholm's south-west. "It is too early to say". Two people were injured in an explosion outside an underground station in southern Stockholm on Sunday, authorities said.
Each franchise is entitled to retain up to five players, under the Player Retention and the Right to Match criteria. However, in case the team decides to pay a player more than the guidance price, the higher amount will be deducted.
Starsport have compiled a list of the 10 biggest spending seasons for individual clubs in football history. He scored six goals in the last seven games of 2017 to put his side firmly in the Champions League places.
It gave Switzerland a 1-0 lead in the final, with Federer aiming to add to the title he won in Perth with Martina Hingis in 2001. With the Australian Open just over a week away, Bouchard said she didn't think her injury was serious.
Todavía no se oficializó la fecha de estreno, por ende, será el mismo Netflix quien anunciará a través de sus redes sociales. Sabrina, La Bruja Adolescente fue uno de los sitcoms más populares de los 90, y tuvo siete temporadas con 163 episodios.
At 6am on Saturday, it tied with Armstrong, Ontario, as the second coldest place in the world at minus 37C (minus 34F). In New York City, according to the National Weather Bureau, temperatures should reach 4C (40F) next week.
After that, he appeared to move more freely and didn't expect it to trouble him at the Australian Open beginning January 15. Nick Kyrgios has doused any concerns of injury after claiming his maiden ATP title on home soil and first since 2016.
Acer launches a new Chromebook 11 with USB-C
Acer's 12-inch laptop is the first budget-friendly Chromebook of many we expect to see in early 2018, but also one of the best. Internally, this laptop uses the latest Intel Celeron chips with 4GB of memory and either 16GB of 32GB of eMMC storage.
Spotify face $1.6 billion copyright lawsuit
Wixen handles copyright management and royalty compliance for artists including Tom Petty, The Doors, Neil Young and Missy Elliot. A source claimed to the Wall Street Journal , however, that the suit won't in fact affect the timing for the direct listing.