The Q2 gross domestic product (GDP) growth number is definitely lower than was expected at 7.1 per cent for two reasons. A higher growth looked logical, given that there was a favourable post-goods and services tax (GST) base effect in Q2FY18, when growth slowed to 6.3 per cent.
Second, corporate results looked good for the manufacturing sector and would have indicated a more buoyant growth rate, which was not to be. Therefore, in a sense, the number is a bit of a disappointment. More so because to reach towards 7.4-7.5 per cent for the full year would require sustained growth in the ...
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