India's GDP Growth is Back on Track - Chart Of The Day 3 August 2018 - Equitymaster

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India's GDP Growth is Back on Track
Aug 3, 2018

In the piece published three months back, I wrote to you about the Indian GDP and how it was on the upswing. Well, the good news on this front continues...

By clocking 7.7% growth in the March quarter, India has regained the title of 'world's fastest-growing major economy'.

We were in wait and watch mode but now, we believe, the revival in the economy is truly underway. A good monsoon will only add to the momentum.

However, we must point out, the revival is not complete. It has been driven by government spending and private sector consumption. Capital investments and exports are yet to pick up. Only when these engines start firing will we achieve 9%+ growth.

Data Source: Ministry of Finance, Government of India

This Chart Of The Day was published in The 5 Minute WrapUp - How to Make Big Profits by Following India's Best Investors

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