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6.9% GDP growth in October¬-December : Polls
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Why in the news?
- Recently a Reuters poll predicted that India’s economy grew at its fastest pace in a year in the October-December quarter.
- Gross domestic product grew 6.9% in the October-December quarter.
More on news
- According to the polls, the reported growth is due to the increased spending by consumers, businesses and the government.
- Polls suggests that disruptions from a shock ban on highvalue currency notes in November 2016 and the chaotic launch of a goods and services tax (GST) in July are fading.
- In July-September, the economy grew 6.3% annually, a return to a faster growth trajectory after five consecutive quarters of slowdown.
- The exports has also weighed on the economy , which took a hit last year from an appreciating rupee.
Source
The Hindu