India GDP Increases 6.3% in Q2, Breaks Five- Quarter Slide How to Effect in Nifty Stocks Market Share

In the second quarter of fiscal year 2018, the India’s GDP growth has increased from 5.7 percent in the previous quarter to 6.3 percent. On the annual basis, the country’s GDP was 7.5 percent in the second quarter of fiscal year 2017.

GVA has also improved in the second quarter on quarter-on-quarter basis and it has Increased from 5.6 percent in the first quarter to 6.1 percent. If on an annual basis, GVA was 6.8 percent in the second quarter of the financial year 2017.

On the quarterly basis, the growth of the manufacturing sector has increased from 1.2 percent to 7 percent in the second quarter. The manufacturing sector growth was 7.7 percent in the Second quarter of the financial year 2017 on an annual basis. On the quarterly basis, the growth of service sector in the second quarter was down from 8.72 per cent to 7.1 per cent. The service sector growth in the second quarter of fiscal year 2017 was 7.8 percent.

In the Second quarter, the growth in trade, hotels and transport services sector has decreased from 11.08 percent to 9.96 percent, while in the second quarter of the financial year 2017, the trade, hotels and transport services sector growth was 7.7 percent.

In the Second quarter on the basis of financial and Financial services sector, the growth in the real estate sector has decreased from 6.44 per cent to 5.7 per cent, while in the second quarter of the financial year 2017, the growth of financial sector and real estate sector was 7 per cent.

In the second quarter, the growth of public administration services has come down from 9.53 per cent to 6 per cent, which was 9.5 per cent in the second quarter of fiscal year 2017.

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