New Delhi, Nov. 28 -- The Indian economy recorded a six-quarter high growth rate of 8.2% in the second quarter of the current financial year, buoyed by strong manufacturing and consumption growth, the ministry of statistics & programme implementation said on Friday.
A statistical effect of low base and low inflation also helped in pushing growth during the quarter. The July-September growth is way above the 7.2% growth forecast by 15 economists in a Mint poll. The economists projected GDP growth in the range of 7% to 7.7% in Q2. This is also significantly higher than the latest projection of 7% for the quarter by the Reserve Bank of India. With growth surpassing RBI's forecast by over 1 percentage point, marking resilience in the economy...
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