India's GDP growth rate in the second quarter slowed to between 7.5 and 7.6 percent

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India's GDP growth rate at constant prices (2011-2012) was 8.2% in the April-June (Q1) 2018-19 period. Photo: Mint "title =" India's GDP growth rate at constant prices (2011-2012) was 8.2% in the April-June (Q1) 2018-2019 quarter. Photo: Mint "clbad =" img-responsive "/> <p> The growth rate of Indian GDP at constant prices (2011-2012) stood at 8.2% in the April-June quarter ( T1) 2018-19 Photo: Mint [19659002] New Delhi: </b> India's GDP growth for the September quarter (Q2) is expected to slow to 7.5% -7.6 % compared to the previous three months, mainly due to slowing rural demand, said Monday a report by SBI Research.The growth rate of India's GDP in constant prices (2011-2012) s & # It is set at 8.2% for the quarter from April to June (Q1) 2018-2018. The Central Bureau of Statistics will release its estimates of GDP growth in the second quarter on Friday. [19659003] The report SBI Ecowrap indicates SBI composite leading indicator, a basket of 21 leading indicators for the second quarter of fiscal year 19, shows a downward trend As a result, growth in gross value added (GVA) in the second quarter could be between 7.3 and 7.4 percent, due to slowing rural demand, he said. </p> <p> "We also believe that growth figures at the second weak base in September 2017-18 quarter. We estimate that the baseline impact on Q2 GVA growth is approximately 30 basis points. According to tax revenues, we subsequently forecast GDP growth in the second quarter in the range of 7.5 to 7.6%, "said Ecowrap. </p> <p> A base point equals one-hundredth of percentage point. </p> <p> According to the SBI Ecowrap, commercial vehicle sales, domestic air pbadenger traffic and cement production maintained double-digit growth in the second quarter .All of these indicators boosted VAB during the quarter However, monthly data for various indicators for October 2018 suggest that VAB growth is slowing as a result of declining demand. </p> <p> "The slowdown in non-food credit, bank deposits and the sale of tourism and commercial vehicles slowed, compared to the previous month, "the report says. Moreover, with the slowdown in government spending in the second quarter, fiscal impulses for growth would now be clearly absent, the report added. </p> <p> <i> This article was published from an agency thread with no text modification. Only the title has been changed. </i></p> <div clbad= First published: Mon, Nov 26, 2018. 06h38 IST
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