It’s Not Double-engine Growth!
While India's consumption demand and trade deficit were a dampener, the gross fixed capital formation grew by a solid 11%, a double-digit growth for the first time in five quarter.
While India's consumption demand and trade deficit were a dampener, the gross fixed capital formation grew by a solid 11%, a double-digit growth for the first time in five quarter.
Data released by the National Statistical Office on February 12 shows that the output of the manufacturing sector—which constitutes 77.6% of IIP—declined 1.2%.