Daily O

India’s GDP growth at 6.3 per cent in September quarter is underwhelming but expected

Though it’s better than the 5.7 per cent registered in the last quarter, the current rate will limit the annual average to 6.5 per cent.

The much-hyped gross domestic product (GDP) growth rate for the September quarter of the fiscal year 2017-18 has been announced officially and it’s at a dismal 6.3 per cent. Though relatively better than the last quarter’s growth rate – a mere 5.7 per cent for the June quarter – it’s still underwhelming, and is likely to limit the average annual GDP growth rate to 6.5 per cent at most.

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