GDP up 5.7% to 10-Quarter High

0
Economy Expands At 4.7% in 2013-14 www.ambitionias.com
  • India’s Gross Domestic Product (GDP) has reached the highest of 5.7% during April-June in 10n quarters
  • April-June 2013 showed 4.7%, however GDP also depends on agriculture sector which is dependent on monsoon as well
  • The pick-up signals that the economy is recovering, spurred by a revival in the investment cycle and an upturn in the factory sector
  • The GDP growth shows that the manufacturing sectors are raising and the government is taking steps to revive this sector which shows that India is not stuck in stagnant investment cycle
SHARE