Silver Lining In Indian Economy

Bangalore: With the safe conclusion of gross domestic product (GDP) numbers that has increased from a mere 4.4 percent to an estimate of 4.8 percent that was released, the economic growth of India is expected to improve and there would be less chance of things going worse, according to Business Standard.

Agriculture and manufacturing sectors is has made a huge contribution to the modest acceleration, as agriculture grew by 4.6 percent during the quarter and the growth in manufacturing which had declined to 1 percent has elevated to 1.2 percent.

Others factors like favorable climate and drastic increase in the export has also contributed to mitigate downside risks to growth.

Public services like community, social and personal services also have increased by 4.2 percent. This shows that the financial pressures are reminding for some cutbacks in government spending. Even in terms of investment, India has never stopped itself even in the worst economic crisis. Gross fixed capital formation (GFCF), that measures the creation of new productive capacity in the economy, was 33.6 percent of GDP, with slightly increased from 32.6 percent in the previous quarter.

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