Source: The Hindu Business Line, Nov 26, 2018
New Delhi: The Gross Domestic Product (GDP) growth in the September quarter is expected to decelerate to 7.5-7.6 per cent over the previous three-month period mainly due to slowdown in rural demand, a State Bank of India (SBI) research report said Monday.
The GDP growth at constant prices (2011-12) was 8.2 per cent in the April-June quarter of 2018-19.
The Central Statistics Office (CSO) will be releasing the estimates for GDP growth for July-September on Friday.
The ‘SBI Ecowrap’ report said the SBI Composite Leading Indicator (CLI), a basket of 21 leading indicators for September quarter of the current fiscal, is showing a marginal declining trend.
Consequently, the headline second quarter Gross Value Added (GVA) growth could be 7.3-7.4 per cent, due to the slowing of rural demand, it said. Read the rest of this entry »