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India's GDP expected to grow by 7.7% in Q1 2018: Report
21
May '18
India’s gross domestic product (GDP) is expected to grow at the rate of 7.7 per cent in the period between January to March, up from 7.2 per cent in the previous quarter, in spite of moderation in factory output growth in March, predicts a recent report. Nevertheless, the average industrial growth was 6.2 per cent in Q1, up from 5.9 per cent in Q4 2017.

The growth in the average industrial production is indicative of strengthening of the overall industrial activity in Q1, which could lead to the growth in India’s GDP growth, said a news agency quoting Nomura, a Japanese financial services major.

India may also witness a cyclical recovery led by investment and consumption, however, rising oil prices and tighter financial conditions may cause growth rates to drop, as per the report.

Industrial output growth of India dropped to 4.4 per cent in March, clocking in a 5-month low owing to various factors including a decline in capital goods production. (KD)

Fibre2Fashion News Desk – India


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