- The Central Statistics Office`s (CSO) data disclosed that GDP for Q2 of 2017-18 stood at Rs 31.66 lakh crore, or a growth of 6.3 % , which is a sign of economic recovery as compared to Q1 which was 5.7%
- The growth in the agriculture slowed to 1.7% compared to 2.3% in the last quarter and 4.1% in the same quarter last year.
- The growth in construction sector was projected at 2.6% compared to 4.3% in the same quarter last year.
- The growth in country’s net exports was flat on quarter-on-quarter basis at 1.2%. This prompted the Niti Aayog Vice Chairman Rajiv Kumar to urge the Reserve Bank of India to keep the currency weaker.
- The Gross Value Added (GVA) which is the total value of goods and services produced in the country after deducting the input cost accelerated 6.1% in the September quarter from 5.6% in the last quarter, It is the GVA number which the RBI tracks as its monetary policy input.
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