Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
The Economic Times

Dip in Q2 GDP numbers was expected: Ex-finance Secy Subhash Chandra Garg

Copy URL
Embed

Former Finance Secretary Subhash Chandra Garg on November 29 shared his views on GDP growth rate slump to 4.5 percent. He said that the falling in the GDP is not surprising rather it is expected as the index of industrial production, core industries, credit growth were showing that the growth in this quarter will be slow. He said that more surprising and concerning is the formation of cross fixed capital investment slump to 0.9 percent. Second thing is nominal growth of GDP is 6.1 percent which can haunt India’s dream to become 5 trillion dollar target in 2024-25.

519views
Have something to say? Post your comment

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service