{"id":30976,"date":"2018-10-27T11:40:06","date_gmt":"2018-10-27T06:10:06","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=30976"},"modified":"2018-10-27T11:40:06","modified_gmt":"2018-10-27T06:10:06","slug":"q3-gdp-growth-likely-6-9-best-in-2017-says-poll","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/q3-gdp-growth-likely-6-9-best-in-2017-says-poll\/","title":{"rendered":"Q3 GDP growth likely 6.9%, best in 2017, says poll"},"content":{"rendered":"<p><a href=\"http:\/\/www.livemint.com\/Politics\/aAvT1L54zVkLOZ3jNHwuML\/Q3-GDP-growth-likely-69-best-in-2017-says-poll.html\"><b>Q3 GDP growth likely 6.9%, best in 2017, says poll <\/b><\/a><\/p>\n<p><b>Context:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">According to a Reuters poll,<\/span> <span style=\"font-weight: 400;\">India\u2019s economy grew at its fastest pace in a year in the October-December quarter as consumers, businesses and the government stepped up spending.<\/span><\/p>\n<p><b>Details:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Gross domestic product (GDP) grew 6.9% in the October-December quarter from a year earlier<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">In July-September, the economy grew 6.3% annually<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Rupee strengthened 6.5% against the dollar in 2017<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">India\u2019s gross value-added (GVA)increased 6.6% from a year earlier in October-December from a year earlier, compared to 6.1% in the prior three months.<\/span><\/li>\n<\/ul>\n<p><b>What does this imply?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This suggests that disruptions from a shock ban on high-value currency notes in November 2016 and the chaotic launch of a goods and services tax (GST) in July are fading.<\/span><\/p>\n<p><b>Concerns over banking:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There are concerns about the increase in non-performing assets of state-run banks<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Punjab National Bank, in February has revealed a loan fraud that\u2019s the biggest in India\u2019s banking history. The fraud has cast a shadow over the workings of state-run lenders, already reeling from accumulated bad loans<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Q3 GDP growth likely 6.9%, best in 2017, says poll Context: According to a Reuters poll, India\u2019s economy grew at its fastest pace in a year in the October-December quarter as consumers, businesses and the government stepped up spending. Details: Gross domestic product (GDP) grew 6.9% in the October-December quarter from a year earlier In&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/q3-gdp-growth-likely-6-9-best-in-2017-says-poll\/\">Continue reading <span class=\"screen-reader-text\">Q3 GDP growth likely 6.9%, best in 2017, says poll<\/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-30976","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704120110},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30976","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=30976"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/30976\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=30976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=30976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=30976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}