7.7-pct GDP growth rate shows India's economy on uptrend: business leader
04 June, 2018, 11:15 | Author: Mable Gonzales
Goldman Sachs Group Inc. cut its growth projection for the year ending March 2019 to 7.6 percent from 8 percent, amid concerns that the banking system's woes are more widespread.
The gross domestic product (GDP) in the March quarter remained higher than market expectations - the highest in seven quarters - even as the overall growth of 6.7 per cent during the year was the lowest in last four fiscal years, Devendra Pant, Chief Economist at India Ratings, said.
The minister further said that an vast growth in the field of manufacturing, agricultural and the construction has also been recorded, while highlighting that the manufacturing and construction areas also provide employment. That's a big jump from the revised 7% growth rate recorded the previous quarter. Meanwhile, for the 2017-18 full fiscal year ended in March, the economic growth came in at 6.7 per cent.
The "agriculture, forestry and fishing" sector showed a growth rate of 3.4 per cent as against the previous year's growth rate of 6.3 per cent, while the growth in the "manufacturing" sector was estimated at 5.7 per cent as against the previous year's growth rate of 7.9 per cent. GVA (ex-agriculture and government services) eased to 7.2% from 7.4%, reflecting softness in some of the private services (trade and financial services).
Manufacturing sector GVA grew at 9.1 per cent in fourth quarter, up from 6.1 per cent year ago.
CII director general Chandrajit Banerjee said, "The significant expansion in GDP print has been powered by a broad-based upturn in farm output, improved manufacturing performance and a vibrant services sector".
Marcus Smart: I'm worth more than $12-14 million
The Celtics finished 2017-18 with a 55-27 record. "I wouldn't say it's one of the better ones or one of the worst ones". We're not looking to make changes other than just small tweaks here and there to our roster.
Mining sector experiences a growth of 2.7 percent as against 1.4 percent in third quarter. "The pick-up in investment activity (fixed capital formation) is also a good sign".
The gross national income at current prices is estimated at Rs 165.87 lakh crore during 2017-18, as compared to Rs 150.77 lakh crore during 2016-17, showing a rise of 10 percent.
In terms of GDP, the rates of GFCF at current and constant (2011-12) prices during 2017-18 are estimated at 28.5 per cent and 31.4 per cent, respectively, as against the corresponding rates of 28.5 per cent and 31.1 per cent, respectively, in 2016-17.
Ranen Banerjee, Partner and Leader - Public Finance and Economics, at PwC India, said the high growth rate reported in quarter is on expected lines for us as the high frequency data on PMI and IIP as well as rural demand were all indicating a revival.
"Q4 was expected to be good and that is reflected in the numbers".
Those players - Kyle Korver , Jeff Green , and Larry Nance - collectively shot 2-of-11 with 10 rebounds and three assists. George Hill came back from missing a key free throw in Game 1 to score 15 points on 5-of-11 shooting.
The three-time French Open champion and 23-time Grand Slam victor will next take on Australia's Ash Barty in the second round. In September 2017, Williams gave birth to her daughter , Alexia Olympia Ohanian Jr with husband Alexis Ohanian .
With a week to go before the June 7-8 summit, there's still no final agreement on the agenda, British and Italian officials said. Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto spoke by phone following the USA announcement.
McCabe". "Regardless of recommendation , I was going to fire Comey", Trump told Holt of his decision to fire Comey on May 9, 2017. In other words, his current lies are further evidence to support a possible charge of obstruction of justice.
The Pixel 3 XL will have a "nearly edge-to-edge screen" and a chin at the bottom which doesn't come as surprising for two reasons. Many rumors have already emerged online and many will come until the launch of the next Google flagship smartphone.
Where once he delivered truly genre-defying projects, ye relies on the musical flairs that once brought his fans awe. Pusha-T posted the image on Instagram - caption: "I finally got my album art" - and many people protested.
Former football star Herschel Walker is mobbed as he arrives Wednesday for the White House field day on the South Lawn. On Friday, the president told White House reporters of his wife, " She's doing great".
It's kind of their M/O and Bethesda Game Studios has had a ton of time to work undercover on this since Fallout 4 released. In the background you can hear the song " Take Me Home, Country Roads ", by John Denver which was released in 1971.
Ukrainian law enforcement have opened a criminal case over the journalist's murder, according to the police press service. In the meantime, the Russian Investigative Committee has launched its own investigation into Babchenko's death.
Perhaps more important, though, is the impact the new Duchess of Sussex has had on her husband's relationship with his father. In 1939, King George VI and Queen Elizabeth were guests there at the Outlook Cabin that subsequently burned down.
When they first joined forces in June 2012, Serena had just lost an opening round match to Virginie Razzano at the French Open . The Williams sisters, who have won 22 titles while competing as a team, towered over their opponents as they prepared to play.
China warns United States no deal if tariffs go ahead
The previous round of talks in Washington saw China pledging "significant increase" in its purchases of USA agricultural goods. An editorial in China's Global Times , a state-run newspaper, criticized the U.S. for coming up with new demands.
Trump advisor admits trade dispute a risk to US economy
Defying fears of a global trade war, US businesses have made it abundantly clear that they see no reason to stop hiring. The Securities and Exchange Commission, the Wall Street regulator that combats insider trading, declined to comment.
Salman Khan's brother Arbaaz summoned in IPL betting scam
The sources claimed that there was a dispute going on between the two of them on this issue as Arbaaz was not paying. His name reportedly came up while the police were innterrogating a bookie, Sonu Jalan, who was arrested on Tuesday.
Jersey promise could leave Browns player in red if Cavs win
Randall, who has more than 133,000 Twitter followers, admitted he thought the tweet would receive a maximum of 100 retweets. The Cleveland fan base called his bluff. "We're just going to watch the series and see how everything folds out".
U.S., North Korea conclude second round of Panmunjom talks
The President also plans to consult with Japanese Prime Minister Shinzo Abe at the White House on June 7, Sanders said. The Trump administration has demanded that North Korea completely and irreversibly shut its nuclear weapons program.