• About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Monday, January 30, 2023
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Jaishankar has shaken the philosophical foundation of post-1947 foreign policy

    Jaishankar has shaken the philosophical foundation of post-1947 foreign policy

    The story of Jagadguru Shri Rambhadracharya

    The story of Jagadguru Shri Rambhadracharya

    Another one bites the dust: Rumour-monger Sreenivasan Jain leaves NDTV

    Another one bites the dust: Rumour-monger Sreenivasan Jain leaves NDTV

    Mandir independence movement: Constitution is both a facilitator as well as the roadblock

    Mandir independence movement: Constitution is both a facilitator as well as the roadblock

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Bata is not an Indian company but is more Indian than most Indian companies

    Bata is not an Indian company but is more Indian than most Indian companies

    Indian fintech sector

    The rise and rise of India’s fintech sector

    Zomato Instant

    Zomato is using every trick in the book to stay relevant

    Indian IPO market

    The Past and Future of the Indian IPO Market

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Defence budget India

    Modernization of Indian defence: Right trajectory but low velocity

    AK-203 rifles

    Amethi has started producing the dreaded AK 203 for India and the world

    HELINA and VSHROD

    Amidst build up on China and Pakistan border India gets HELINA and VSHROD

    K9-Vajra

    K9 VAJRA: The Made in India weapon that China fears

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Indus Water Treaty: India has set the timer on the balkanisation of Pakistan

    Indus Water Treaty: India has set the timer on the balkanisation of Pakistan

    Pakistan Army

    One of Pakistani army’s own busts its war waging tactics

    India-Egypt relations

    India-Egypt relations: A holistic approach other than tackling the Turkey-Pak Nexus

    Time to wake up against China’s new threat to the world

    Time to wake up against China’s new threat to the world

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    The untold story of Swami Pranavananda

    The untold story of Swami Pranavananda

    Swami Ramanand Teerth

    Swami Ramanand Teerth versus the Nizam of Hyderabad, a story that deserves bigger audience

    hanging

    Black cloth and 11 Promises: How the hangman performs the hanging

    Shubhrak

    The story of shubhrak the horse who avenged his master

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Dress code of Bollywood

    Rishi Kapoor’s sweater and Jitendra’s white pants, worst Bollywood fashion trends ever

    Gurdas Maan – The man who made Punjabi music a national craze and who became a ‘traitor’ for being pro-India

    Gurdas Maan – The man who made Punjabi music a national craze and who became a ‘traitor’ for being pro-India

    Pathaan box office collection

    If the trend continues, Pathaan producers will be able to buy Mars

    Australia and England are testaments to perils of minority appeasement politics

    Australia and England are testaments to perils of minority appeasement politics

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Jaishankar has shaken the philosophical foundation of post-1947 foreign policy

    Jaishankar has shaken the philosophical foundation of post-1947 foreign policy

    The story of Jagadguru Shri Rambhadracharya

    The story of Jagadguru Shri Rambhadracharya

    Another one bites the dust: Rumour-monger Sreenivasan Jain leaves NDTV

    Another one bites the dust: Rumour-monger Sreenivasan Jain leaves NDTV

    Mandir independence movement: Constitution is both a facilitator as well as the roadblock

    Mandir independence movement: Constitution is both a facilitator as well as the roadblock

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Bata is not an Indian company but is more Indian than most Indian companies

    Bata is not an Indian company but is more Indian than most Indian companies

    Indian fintech sector

    The rise and rise of India’s fintech sector

    Zomato Instant

    Zomato is using every trick in the book to stay relevant

    Indian IPO market

    The Past and Future of the Indian IPO Market

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Defence budget India

    Modernization of Indian defence: Right trajectory but low velocity

    AK-203 rifles

    Amethi has started producing the dreaded AK 203 for India and the world

    HELINA and VSHROD

    Amidst build up on China and Pakistan border India gets HELINA and VSHROD

    K9-Vajra

    K9 VAJRA: The Made in India weapon that China fears

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Indus Water Treaty: India has set the timer on the balkanisation of Pakistan

    Indus Water Treaty: India has set the timer on the balkanisation of Pakistan

    Pakistan Army

    One of Pakistani army’s own busts its war waging tactics

    India-Egypt relations

    India-Egypt relations: A holistic approach other than tackling the Turkey-Pak Nexus

    Time to wake up against China’s new threat to the world

    Time to wake up against China’s new threat to the world

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    The untold story of Swami Pranavananda

    The untold story of Swami Pranavananda

    Swami Ramanand Teerth

    Swami Ramanand Teerth versus the Nizam of Hyderabad, a story that deserves bigger audience

    hanging

    Black cloth and 11 Promises: How the hangman performs the hanging

    Shubhrak

    The story of shubhrak the horse who avenged his master

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Dress code of Bollywood

    Rishi Kapoor’s sweater and Jitendra’s white pants, worst Bollywood fashion trends ever

    Gurdas Maan – The man who made Punjabi music a national craze and who became a ‘traitor’ for being pro-India

    Gurdas Maan – The man who made Punjabi music a national craze and who became a ‘traitor’ for being pro-India

    Pathaan box office collection

    If the trend continues, Pathaan producers will be able to buy Mars

    Australia and England are testaments to perils of minority appeasement politics

    Australia and England are testaments to perils of minority appeasement politics

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
No Result
View All Result

HOME » Economy »  India’s GDP Growth rebounds to 6.3% in September quarter

 India’s GDP Growth rebounds to 6.3% in September quarter

Rishabh Mehta
by Rishabh Mehta
2 December 2017
in Economy
0
Growth
2.6k
VIEWS
Share on FacebookShare on Twitter

→ A few days after the demonetization was introduced, former Prime Minister Manmohan Singh mocked the exercise. Among other observations, he prophesied the growth rate to be brought down by two percent.

→ In the quarter that followed demonetization (Q3-2016), growth rate staggered from 7.3% to 7 %. Everyone with a degree in economics started explaining how Modi brand of economics had hit a running economy in its foot.

→ In Q4-2016, growth further slowed down to 6.1%. The self patting continued as the estimators of slowdown cheered in the realization of their forecasts.

→ In Q1-2017, the opposition had a field day as the growth rate went to a low of 5.7 %. Manmohan Singh was the prophet, the economic hero once again. Many media houses hailed him and his wise prediction of a downfall of two percent.

→ Q2-2017 – India’s growth rate rises to 6.3 %.

The last event in the above timeline does not need any explanation. It only proves what any economist worth his salt would know- structural reforms take time, have a short term slowing effect and then drive a growth that is sustainable.

The Goods and Services tax, aimed at transforming 29 Indian states into a single market and simplifying the taxation was largely being attacked for hitting on small businesses. The revival in the manufacturing and service sector tells a different story- both of which registered a growth rate of more than 6 percent.  Private consumption expenditure has risen. The above facts coupled with India’s upgraded rating by Moody’s show that the country is on the right path with the policy measures in place and implementation.

India’s growth rate has resurged after five quarters of slowing down, two of which were prior to the demonetization drive, and four of them before the implementation of GST. To attribute the slowdown to these decisions completely and tagging them adversaries of the Indian growth story is a travesty.

Many business “leaders’, self proclaimed and even acclaimed “economists” who declared that they did not see growth bouncing back anytime soon are now searching for words.

The upward trend is still criticized by many as “only a pause in the decline.” However, nothing in the market data supports their hypothesis. Whenever a structural policy change happens, things are obviously going to come to a slowdown. But in the long run, it strengthens the core functioning of the economy and removes the inflating elements from the growth story.

For instance, the construction sector- still experiencing a slowdown in Q2 results- has long been known for cash transactions that go under the table. The shady part of the sector has been clamped down heavily by policy changes and coincident clamping down by various courts for embezzling homeowners’ money. Hence, the slowdown in this sector was anticipated- when you start to row the boat, the shallowest waters make most of the noise.

Another sector down in these numbers is agriculture– which is due to culmination of factors like patchy rainfall, floods leading to loss of crops and deficit rains in many parts as reported by the Indian Meteorological Department.

The path towards a better and sustainable growth is not a simple one, but one that has been undertaken very carefully by this government. Cleaning up of an entire economy cannot be done in a day and it surely cannot be done without disruptions. The key, as we have come to see, is to manage expectations as well as results. The spurt in growth indicates that the connection between the dots is now being seen as we look in retrospect. The growth story is only going to improve as we go ahead and reap the benefits of a better economy. Manufacturing sector is on its way to the top again, services if following suite and agriculture will overcome seasonal factors hopefully. As for the sectors going through a cleanup, the growth will be reflected in the numbers to follow in the next quarter.

Tags: demonetisationGDPGrowthgstIndia
Share815TweetSend
Previous Post

The Ever-Changing Religious Affiliations of Rahul Gandhi are going to Cost Congress dearly in Gujarat

Next Post

The Math behind 12% GST on Sanitary Napkins

Rishabh Mehta

Rishabh Mehta

Banker | Writer

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.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Jaishankar has shaken the philosophical foundation of post-1947 foreign policy

Jaishankar has shaken the philosophical foundation of post-1947 foreign policy

29 January 2023
Adani-Hindenburg row: Decoding the hidden agendas

Adani-Hindenburg row: Decoding the hidden agendas

29 January 2023
The story of Jagadguru Shri Rambhadracharya

The story of Jagadguru Shri Rambhadracharya

29 January 2023
Another one bites the dust: Rumour-monger Sreenivasan Jain leaves NDTV

Another one bites the dust: Rumour-monger Sreenivasan Jain leaves NDTV

29 January 2023

Popular This Week

Jacinda Ardern ccp chinese donations
Asia Pacific

Jacinda Ardern is under probe for alleged links with CCP. That makes Kiwi politics completely Sinophilic

by Abhinav Singh
20 July 2020
Guru Dutt
Cinema

Guru Dutt – The epitome of human goodness onscreen, destroyed his wife’s career, life and everything else

by Paurush Gupta
17 November 2022
China, PLA, China, Jianli Yang, PLA, Xi Jinping, Galwan, Jianli Yang
Opinions

After the wimps of PLA got their necks snapped by Indians, China sends Martial Arts fighters to Ladakh border

by Sanbeer Singh Ranhotra
28 June 2020
Reality of Bageshwar Dham
Analysis

The Bageshwar Dham: The Reality of Dhirendra Krishna Shastri

by Tejasvi Malhotra
31 October 2022
India: The Modi Question
Premium

Exposing BBC’s new series “India: The Modi Question”

by Paurush Gupta
18 January 2023

©2023 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
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
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2023 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost