Gross value added growth: Q2FY17 weakest September quarter in four years
Both services and industry also saw the weakest quarterly growth in the September quarter in the past four years
Putting the tepid growth in gross value added (GVA) for the second quarter (Q2) in perspective, the chart shows that growth for the September quarter has been the weakest in the last four years.
Moreover, both services and industry also saw the weakest quarterly growth in the September quarter in the last four years.
This is important because the demonetization exercise, followed by the introduction of the goods and services tax, will affect growth in the next few quarters and we’re starting from an already weak base
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