<h1>Economic Growth Shows Improvement but Deflation Concerns Persist; GVA Rises to 7.1% in Q1 2015-16.</h1> The Chief Economic Adviser reported that while economic growth is progressing positively, it remains below the desired pace. The first quarter GDP data for 2015-16 indicates the economy is near deflation territory, with prices growing minimally. Growth measured by Gross Value Added (GVA) rose to 7.1% from 6.1% in the previous quarter, suggesting a recovery. Manufacturing and services sectors showed strong growth, driven by private consumption and improved fixed capital formation. Despite challenges, ongoing reforms are expected to enhance growth. The primary concern is not inflation but potential deflation.