3 min read.Updated: 03 Sep 2018, 07:25 AM ISTLivemint
The external environment in the near term may not be as supportive as it has been in recent years
The pace of expansion in the Indian economy once again surprised analysts on the upside. The gross domestic product (GDP) data, released on Friday, showed that the economy grew at 8.2% in the first quarter of the current fiscal. Although this was on a relatively lower base, data suggests that the economy has recovered well from the twin policy shocks of demonetization and the implementation of the goods and services tax (GST).