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A wet blanket

Q1 GDP disappoints but hope floats on recovery

Business Standard Editorial Comment  |  New Delhi 

The provisional estimates of the gross domestic product (GDP) for the first quarter of the current financial year, released by the Central Statistics Office on Wednesday, have dampened the expectations of an economic recovery. The GDP for Q1 FY17 has been pegged at 7.1 per cent — this is the slowest growth over the past five quarters.

This is in sharp contrast to the 7.9-per cent growth registered in the fourth quarter of the last financial year, which gave a huge boost to India’s status as the fastest growing major economy in the world. The lower than expected growth rate – ...

First Published: Wed, August 31 2016. 21:42 IST