The GDP growth during the third quarter of the fiscal was at 7 per cent.
The India GDP growth forecast of 7.5 per cent for 2019-20 is more than a percentage point higher than the 6.4 per cent growth forecast of China.
"Rapid growth in agriculture (4.5%), manufacturing (9.1%) and construction sectors (11.5%) contributed to the overall growth", the Indian government said. That's a big jump from the revised 7% growth rate recorded the previous quarter. For the full financial year, however, the growth rate of 6.7 per cent is a four-year low.
India also reported 4.7 percent growth in annual infrastructure output in April, signalling a recovery after it slipped to a three-year low of 4.2 percent in 2017/18. The pickup in growth surely offers a boost to prime minister Narandra Modi, who will be seeking a second term next year.
Economic Affairs Secretary Subhash Chandra said all sectors of the economy, including manufacturing, construction and agriculture, did well in the fourth quarter of the last fiscal. Moreover, the improvement in the construction GVA growth in Q4 FY2018 benefitted from the base effect, given the issues related to demonetisation, including the availability of labour, Nayar said.
Moving on, interim Finance Minister Piyush Goyal, said, "GDP has been increasing continuously every quarter with 7.7% Q4 GDP".
Mining and quarrying did not perform well in January-March as GVA of the segment grew at 2.7 per cent in the fourth quarter, down from 18.8 per cent in the year-ago period. "So we at this moment feel that we should retain (the growth estimate)", he said.
Economists are predicting a further pick-up in activity during the current financial year on the back of higher consumption demand, a stable GST and a surge in investment towards end of the year.
Forecasts ranged from 6.9 to 7.7 percent. However, the ability of the public sector banks to support lending growth, the risk of monetary tightening and trade wars, and the impact of higher crude oil prices on purchasing power of consumers and corporate earnings have emerged as risks.
As per the report, India's current account deficit will increase.
Though March quarter figures suggest that the economy is rebounding, doubts remain over whether it can sustain the pace amid surging oil prices and a fast depreciating rupee.
"A sustained rise in oil prices to $100 a barrel could even lead to a re-emergence of some of the external and currency risks that existed pre-2014", said Priyanka Kishore, head of India and South East Asia economics at Oxford Economics Ltd.
Smith's action, including LeBron James , as it forced the game to overtime where the Warriors won with a 10-point lead. Kevin Love had a decent game and finished with 21 points, 13 rebounds and 1 assist .
Canada and Mexico , embroiled in talks with the U.S. to modernise the North American Free Trade Agreement, responded swiftly. EU, Canada and Mexico also draw up retaliatory measures to Washington's stinging steel and aluminium duties.
What will Prince Harry and Meghan Markle not be returning? Meghan is reportedly focused on "young women and teenage girls". Other members of the Royal Family are expected to follow suit , remaining neutral in political matters.
LeBron James remained the top scorer in the game with 51 points in the match but failed to script a win for Cleveland Cavaliers . Lue said Smith thought the Cavs were ahead but Smith said he thought the game was tied and was trying for a final shot.
The report goes on to say that Google won't be adopting a dual rear camera setup on either one of the Pixel smartphones this year. Technology giant Google will counter latest iPhones by bringing upgrades to its Pixel smartphones , reported Bloomberg .
Russian Federation has hinted that "foreign forces" should withdraw from Syria , and Israel has interpreted that to include Iran. President Vladimir Putin has spoken with Israeli Prime Minister Benyamin Netanyahu about proposed talks.
Mark Galeotti, a veteran commentator on Russian Federation said the Ukrainian sting operation would play into Moscow's hands. Babchenko was 19 when he was sent to fight in Russia's first Chechen campaign in the 1990s as a conscript.
He said: "Obviously I was very disappointed not to start the game, I felt I deserved it but the manager makes the decisions. Germany head coach Joachim Low has ruled out the prospect of taking over at Real Madrid .
Wood set June 15 as the deadline for Cohen's team to finish its review of the material, over Cohen's legal team's objections. Avenatti would have to stop claiming publicly that Cohen is guilty so as not to taint a potential jury, Wood said.
Brent premium over WTI hits new 3-year high
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China warns U.S. no deal if tariffs go ahead
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Warriors vs. Cavaliers, Game 2
His four-point play less than two minutes later stretched the Golden State lead to 16 points midway through the fourth quarter. Curry made four more three pointers in Game 2 alone than the Michael Jordan-led Chicago Bulls did in the entire 1991 Finals.
Bollywood star Arbaaz Khan summoned in IPL betting case
Son of celebrated Bollywood writer Salim Khan, Arbaaz is the younger brother of superstar Salman Khan and film-maker Sohail Khan. Sonu Jalan is also said to be associated with Dawood Ibrahim and is a close aide of another top global bookie running the racket.
Italy's populist coalition takes 2nd stab at forming government
The parliamentary election, held on March 4, failed to produce a clear victor but saw support for traditional parties collapse. When Mattarella made known his rejection, Prime Minister-designate Giuseppe Conte abandoned his effort to form a government.