State of the Indian Economy – Alerts
State of the Indian Economy
May 2018: Industrial growth recorded an upswing from 5.8% in 2QFY18 to 6.8% in 3QFY18 derived primarily from a healthy rise in manufacturing and construction. Manufacturing grew 8.1% in 3QFY18 from 6.9% in the previous quarter while construction shot up to a steep 6.8% in 3QFY18 from 2.8% in 2QFY18.
April 2018: Economy has started to show signs of growth, rising 6.7% in 3QFY18 compared to growth of 6.2% in 2QFY18. This was driven largely by a swift rise in industry, especially manufacturing and construction and was further supported by services growth. The services sector grew 7.7% in 3QFY18 from 7.1% in 2QFY18.