FM: The deceleration trend in the overall growth which was witnessed since the First Quarter of last Fiscal Year has been now reversed; The acceleration in growth this Quarter has been helped by a rapid Growth in Manufacturing which increased from 1.2 percent in the First Quarter to 7 percent in the Second Quarter https://www.taxtmi.com/news?id=19115 Acceleration in aggregate economic growth is reported for the Second Quarter of Fiscal Year 2017-18, reversing the prior deceleration trend: real GDP rose to 6.3 percent and real GVA to 6.1 percent. The recovery is principally attributed to a sharp rise in manufacturing growth from 1.2 percent to 7 percent and robust expansion in electricity, utilities, and trade, transportation and communications. Gross fixed capital formation growth improved from 1.6 percent to 4.7 percent while real private consumption remained steady at 6.5 percent. en-us Fri, 01 Dec 2017 09:37:15 +0530 Fri, 01 Dec 2017 09:41:00 +0530 TaxTMI RSS Generator FM: The deceleration trend in the overall growth which was witnessed since the First Quarter of last Fiscal Year has been now reversed; The acceleration in growth this Quarter has been helped by a rapid Growth in Manufacturing which increased from 1.2 percent in the First Quarter to 7 percent in the Second Quarter https://www.taxtmi.com/news?id=19115 Acceleration in aggregate economic growth is reported for the Second Quarter of Fiscal Year 2017-18, reversing the prior deceleration trend: real GDP rose to 6.3 percent and real GVA to 6.1 percent. The recovery is principally attributed to a sharp rise in manufacturing growth from 1.2 percent to 7 percent and robust expansion in electricity, utilities, and trade, transportation and communications. Gross fixed capital formation growth improved from 1.6 percent to 4.7 percent while real private consumption remained steady at 6.5 percent. News - Fri, 01 Dec 2017 09:37:15 +0530 https://www.taxtmi.com/news?id=19115