Indian economy expected to grow at 7.6% in FY16
Advertisement
Advertisement
Advertisement
According the Central Statistics Office (CSO), the Gross Domestic Product (GDP) or
At 7.6 per cent, India would be growing at the fastest pace in the last five years. The previous high was recorded at 8.9 per cent in 2010-11. (Also Read: GDP growth rate 7.3 per cent for October-December quarter of 2015-16).
The real Gross Value Addition, a new concept introduced by CSO to measure economic growth, is projected at 7.3 per cent in this fiscal against 7.1 per cent in 2014-15. The manufacturing sector is estimated to grow at 9.5 per cent in 2015-16, up from 5.5 per cent a year ago. Similarly, in case of
The growth of mining and quarrying sector, electricity and power supply and other services is likely to witness deceleration during the current financial year. Commenting on the GDP data, Economic Affairs Secretary Shaktikanta Das said, “The direction of the numbers is very positive. The policy and reform measure the government has undertaken in last one and a half years are beginning to show results.”
Advertisement
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance