Showing posts with label India Growth. Show all posts
Showing posts with label India Growth. Show all posts

Monday, January 13, 2014

Still Economical growth Is Slow and Below Average

Good monsoon cultivation and export growth boosted by demand from international markets . The superior performance of these two sectors in the second quarter, the rate of economic growth has not been able to carry up to five per cent . Of the current financial year 2013-14 Jul. - Sep. quarter gross domestic product ( GDP) growth rate of between four and half per cent is expected to go live .


The government on Friday will release second quarter GDP figures . Most research agencies believe that the 4.5 per cent GDP growth in the near term may be limited . Meanwhile, the agricultural sector growth is likely to remain above three per cent . Economic growth was 4.4 percent in the first quarter .
During this period, industrial production is at its worst . The pace of industrial production in the period of three months has not risen above 2.6 per cent . The three -month average growth rate of the industrial sector is expected to be around 1.73 per cent . The service sector has not achieved the desired speed . Therefore, the second quarter GDP growth rate is expected to be below five per cent .
The Government provided several measures have been taken to speed up the economy , but did not have any concrete result . High interest rates and inflation, investment climate in the country has not yet . Yet the government is assuming that economic growth in the third and fourth quarter changes may appear in the data . Good yields from good monsoon has increased the demand in the rural market . The result will look at manufacturing .
Contrary to expectations , analysts believe that the government's full-year economic growth rate of five per cent will not touch . Ikra 4.8 and 4.6 per cent by the financial agency Crisil growth forecasts . Other agencies also the country's growth rate is expected to go up by five per cent .