TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    ANI

    AltNews Co-founder Mohammed Zubair Deletes Tweet After ANI Defamation Case, Kunal Kamra Refuses Court’s Appeal

    Elon Musk

    Elon Musk Steps Down from DOGE Role, Criticizes Trump’s ‘Big Beautiful Bill’

    Lokpal Clears Former SEBI Chief Madhabi Puri Buch of All Allegations

    Lokpal Clears Former SEBI Chief Madhabi Puri Buch of All Allegations

    PM Narendra Modi with Armed Forces Personnel after 'Operation Sindoor',

    BJP to Kick Off Nationwide Civic Campaign with Yoga, Tree Plantation, Mass Outreach to Mark 11 Years of Modi Government

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Global economic outlook worsens but India seen as growth driver: WEF report

    Global economic outlook worsens but India seen as growth driver: WEF report

    Benefits of Using a Bajaj Finserv Insta EMI Card for Shopping

    Benefits of Using a Bajaj Finserv Insta EMI Card for Shopping

    Understanding the differences between BTC season and altcoin season

    Understanding the differences between BTC season and altcoin season

    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Top Naxal Leader Hidma Nabbed in Odisha in Coordinated Security Sweep

    Top Naxal Leader Hidma Nabbed in Odisha in Coordinated Security Sweep

    Mock Drills to Be Held Tomorrow in States Bordering Pakistan

    India’s Major Preparations After ‘Operation Sindoor’! Mock Drills to Be Held Tomorrow in States Bordering Pakistan

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Elon Musk

    Elon Musk Steps Down from DOGE Role, Criticizes Trump’s ‘Big Beautiful Bill’

    Bangladesh Supreme Court Frees Jamaat Leader Azharul Islam Behind 1971 Bangladeshi Hindu Genocide

    Bangladesh Supreme Court Frees Jamaat Leader Azharul Islam Behind 1971 Bangladeshi Hindu Genocide

    Pakistan’s Nuclear Ambition: A Costly Shield Fueling Economic Woes

    Pakistan’s Nuclear Ambition: A Costly Shield Fueling Economic Woes

    UK

    UK: 50 Injured After Car Ploughs Into Crowd Celebrating Liverpool’s Premier League Victory

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Cricket – More Than Just a Bat and Ball

    Cricket – More Than Just a Bat and Ball

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    ANI

    AltNews Co-founder Mohammed Zubair Deletes Tweet After ANI Defamation Case, Kunal Kamra Refuses Court’s Appeal

    Elon Musk

    Elon Musk Steps Down from DOGE Role, Criticizes Trump’s ‘Big Beautiful Bill’

    Lokpal Clears Former SEBI Chief Madhabi Puri Buch of All Allegations

    Lokpal Clears Former SEBI Chief Madhabi Puri Buch of All Allegations

    PM Narendra Modi with Armed Forces Personnel after 'Operation Sindoor',

    BJP to Kick Off Nationwide Civic Campaign with Yoga, Tree Plantation, Mass Outreach to Mark 11 Years of Modi Government

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Global economic outlook worsens but India seen as growth driver: WEF report

    Global economic outlook worsens but India seen as growth driver: WEF report

    Benefits of Using a Bajaj Finserv Insta EMI Card for Shopping

    Benefits of Using a Bajaj Finserv Insta EMI Card for Shopping

    Understanding the differences between BTC season and altcoin season

    Understanding the differences between BTC season and altcoin season

    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    Best ₹1 Crore Term Plans with Return of Premium: Benefits vs Cost

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Top Naxal Leader Hidma Nabbed in Odisha in Coordinated Security Sweep

    Top Naxal Leader Hidma Nabbed in Odisha in Coordinated Security Sweep

    Mock Drills to Be Held Tomorrow in States Bordering Pakistan

    India’s Major Preparations After ‘Operation Sindoor’! Mock Drills to Be Held Tomorrow in States Bordering Pakistan

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    What’s the Kaveri Engine and Why Is Everyone Talking About It?

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    New Satellite Images Reveal 3-Meter Crater at Pakistan’s Murid Air Base

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Elon Musk

    Elon Musk Steps Down from DOGE Role, Criticizes Trump’s ‘Big Beautiful Bill’

    Bangladesh Supreme Court Frees Jamaat Leader Azharul Islam Behind 1971 Bangladeshi Hindu Genocide

    Bangladesh Supreme Court Frees Jamaat Leader Azharul Islam Behind 1971 Bangladeshi Hindu Genocide

    Pakistan’s Nuclear Ambition: A Costly Shield Fueling Economic Woes

    Pakistan’s Nuclear Ambition: A Costly Shield Fueling Economic Woes

    UK

    UK: 50 Injured After Car Ploughs Into Crowd Celebrating Liverpool’s Premier League Victory

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    How to Decide Between Amity and Manipal for Your Online MBA Journey

    How to Decide Between Amity and Manipal for Your Online MBA Journey

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Mughals, Delhi Sultans Out, Fresh Chapters on Indian Rulers, Mahakumbh Introduced: NCERT revises Class 7 books

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    Role of Consultants to Study in Ireland: How to Choose the Right One?

    The Complete Guide to Education Loan Interest Rates in 2025

    The Complete Guide to Education Loan Interest Rates in 2025

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Cricket – More Than Just a Bat and Ball

    Cricket – More Than Just a Bat and Ball

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Lazer247 India – Best Online Sports Betting and Casino Platform

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    Adjustable Folding Adirondack Chair With Cup Holder – Customizable Support For Ultimate Relaxation

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    1win कैसीनो गेम्स: जब दांव से पहले रिवाज़ बन जाते हैं आदत और खेल का हिस्सा

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

Factors responsible for 8.2% GDP growth in the first quarter

Amit Agrahari by Amit Agrahari
1 September 2018
in Analysis
gdp, quarter

PC: moneycontrol.com

Share on FacebookShare on X

This fiscal year has started on a positive note. The 8.2 percent growth in first quarter is above most of the estimates by government and international organizations. Most of the economists estimated that growth will be around 7 to 7.5 percent but 8.2 percent is above expectations. The surge in growth rate also suggests that economy has fully recovered from twin shocks of demonetization and GST implementation. These steps created hiccups in initial days but now are ready to pay. The businesses have adopted GST and as expected it could spur economic growth by 1-2 years for next few years. The combined influence of GST and demonetization has helped in broadening tax to GDP ratio of centre to 11.6 percent. The increased collection of taxes enabled government spending which proved helpful for GDP growth.

RelatedPosts

India’s GDP Growth Hits 105%, Set to Overtake Japan in 2025 and Germany by 2027

Calculated and precise: Decoding RBI’s Monetary Policy Outlook

Exploring International Trade: A Key Driver of Global Economy

Load More

The economic recovery was evident since last quarter of previous fiscal year. GDP growth was 7.7 percent for last quarter of previous fiscal year. Now the 8.2 percent growth in first quarter and strong Gross Fixed Capital Formation (GFCF) suggests that economy is poised to grow further. The economic growth has been consistent for last five quarters- 5.6 in first quarter of last fiscal year, 6.3 in second, 7 in third, 7.7 in fourth and 8.2 in first quarter of this fiscal year. This sustainable growth indicates that economic reforms initiated by the government and sound macroeconomic conditions have been helpful in consistent economic growth.

What is more important in GDP growth of this quarter is that it was widespread across all sectors. Some sectors performed above expectation but all sectors performed well. Manufacturing sector grew at 13.5 percent compared to -1.8 percent last year, construction grew at 8.7 percent compared to 1.8 percent last year, agriculture, forestry and fishing sector grew at 5.3 percent compared to 3 percent last year, and financial services sector grew at 6.5 percent compared to 8.4 percent last year.

The silver lining here is that agriculture, manufacturing and construction are job intensive sectors. The sound growth in these sectors suggests that jobs have grown at very fast rate. Opposition has consistently attacked the government about jobless growth and unemployment. The government still does not have sound indicator to measure job growth after seven decades of independence. But the Employees’ Provident Fund Organization data and the growth in labor intensive sectors suggest that job creation is very sound.

The manufacturing sector has grown at a rate of 13.5% in this quarter due to the steady growth of the corporate sector. The corporate sector which contributes a significant part of this sector has grown at more than 17% in real terms. The Construction sector has witnessed a growth of 8.7% due to the good performance of the steel and cement industry. The production of cement increased by 14.2% and steel consumption went up by 8.4% percent. The growth in manufacturing and construction indicates towards healthy industrial growth and infrastructure growth.

The agricultural sector growth suggests that governments plan to double farmers income through various schemes is producing results. Agriculture is expected to grow further given good monsoon this year and increase in MSPs. “The encouraging growth rates in agriculture, manufacturing and construction show that the growth momentum continues to be broad-based. In addition, one also expects favorable monsoons to further boost agricultural output and rural consumption in the coming quarters,” said Bibek Debroy, Chairman of the Economic Advisory Council to Prime Minister.

The 10 percent growth in fixed capital formation suggests towards increased urban as well as rural investment. The RBI report released last month said that household savings are at highest for last seven years. The increased household saving was evident in expenditure on vehicles. In the transport sector, there has been an increase in the sales of commercial vehicles by 51% in this quarter while the sales of passenger cars went up by 18% over the last quarter. Private final consumption expenditure (PFCE) grew at 8.6 percent after 6.7 percent growth in the last quarter while government final consumption expenditure (GFCE) rose 7.5 percent compared to 16.8 percent in the last quarter. The trend in PFCE and GFCE shows that as with growth in private expenditure, government is now focused on fiscal deficits and reducing its expenditure. This is good for upcoming quarters because growth could not be sustained on government spending, ultimately private spending has to grow for long term sustainable growth.

Tags: economic growthgdp growthGST Bill
Share1185TweetSend
Previous Post

Curious case of Indian judiciary

Next Post

Is this the end of road for WTO?

Related Posts

PM Narendra Modi with Armed Forces Personnel after 'Operation Sindoor',
Analysis

BJP State Units Hail PM Modi, Forces for Triumph in ‘Operation Sindoor’, Reassert Nationalist Narrative

21 May 2025

In the wake of India’s decisive military response to Pakistan, dubbed "Operation Sindoor," Bharatiya Janata Party (BJP)-led state governments...

Explainer: How did Donald Trump come up with ‘discounted’ reciprocal tariffs for countries
Analysis

Explainer: How did Donald Trump come up with ‘discounted’ reciprocal tariffs for countries

3 April 2025

The Trump administration's declaration of retaliatory tariffs has caused alarm around the world, impacting even remote areas. He justified...

Waqf Board
Analysis

Beyond Religion: The Economic and Legal Realities of Waqf in India

3 April 2025

The Waqf Act in India is often perceived only as a religious issue, but in reality, it primarily deals...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Pakistan needs money from IMF to feed their people

Pakistan needs money from IMF to feed their people

00:15:20

Vacate PoK and more: Steps Pakistan needs to take to avoid Indian military action

00:06:36

Taking The Wire’s Propaganda Piece on VP to the Cleaners – Feat. Prof. Kapil Kumar

00:09:19

Rahul Gandhi Undermines India’s Electoral Integrity as Trump Applauds It

00:07:09

Why Pakistan army chief reminds two nation theory| what is the plan| Waqf Bill |Asim Munir| Jinnah

00:13:02
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap

©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited