{"id":30914,"date":"2018-10-27T11:26:16","date_gmt":"2018-10-27T05:56:16","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=30914"},"modified":"2018-10-27T11:26:16","modified_gmt":"2018-10-27T05:56:16","slug":"gdp-surges-in-third-quarter","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/gdp-surges-in-third-quarter\/","title":{"rendered":"GDP surges in third quarter"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/gdp-surges-in-third-quarter\/article22885237.ece\"><b>GDP surges in third quarter<\/b><\/a><\/p>\n<p><b>Context:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">According to official data, the GDP growth has accelerated in the third quarter from the preceding ones in 2017-18<\/span><\/p>\n<p><b>Details:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>GDP growth<\/b><span style=\"font-weight: 400;\"> in the third quarter of financial year 2017-18 was 7.2%<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Growth in GDP was at 6.5% in the second quarter of the current financial year.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Growth in the <\/span><b>gross value added (GVA) in<\/b><span style=\"font-weight: 400;\"> the third quarter stood at 6.7%, up from the 6.2% seen in the second quarter and the 5.6% in the first quarter of this financial year.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Manufacturing sector:<\/b><span style=\"font-weight: 400;\"> In the third quarter, the manufacturing sector exhibited a strong recovery, growing at 8.1%, following up on a 6.9% growth in the second quarter.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Agricultural Sector:<\/b><span style=\"font-weight: 400;\"> The agriculture sector also saw relatively robust growth in the third quarter, growing at 4.1%, up from 2.7% in the first and second quarters.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Gross fixed capital formation (GFCF),<\/b><span style=\"font-weight: 400;\"> a measure of overall investment activity in the economy, grew at a robust 12% in the third quarter, up from the 6.92% growth seen in the previous quarter.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The government also marginally increased its estimate for the full year\u2019s growth to 6.6% from its earlier estimate of 6.5%.<\/span><\/li>\n<\/ul>\n<p><b>Implications:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The GDP trends are consistent with the robust growth of the manufacturing Purchasing Manager\u2019s Index (PMI), Index of Industrial Production (IIP) and consumer demand<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The fast recovery in the economic indicators like IIP, PMI and consumer demand reflects a positive economic sentiment<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>GDP surges in third quarter Context: According to official data, the GDP growth has accelerated in the third quarter from the preceding ones in 2017-18 Details: GDP growth in the third quarter of financial year 2017-18 was 7.2% Growth in GDP was at 6.5% in the second quarter of the current financial year. Growth in&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/gdp-surges-in-third-quarter\/\">Continue reading <span class=\"screen-reader-text\">GDP surges in third quarter<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-30914","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704895738},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=30914"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30914\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=30914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=30914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=30914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}