Economic Growth Likely To Pick Up In Q2, Say Experts
Indias economic growth is likely to show a significant improvement for the September quarter of the current fiscal over the previous three months, when the GDP slipped to a 3-year low of 5.7 per cent, say experts.
The Central Statistics Office (CSO) is scheduled to come out on Thursday with the estimates of the second quarter gross domestic product (GDP).
The data will also capture the impact of the Goods and Service Tax (GST), which was implemented from July 1.
Based on a survey of economists, industry body Ficci expects that the economic growth would rebound to 6.2 per cent in the second quarter, a significant improvement over the April-June numbers.
"The slowdown in the economy due to demonetisation and the adjustment impact of GST implementation seems to be bottoming out and ...