India's GDP grows 7.3% in second quarter of 2016-17

As per CSO, India's Gross Domestic Product (GDP) grew at a healthy rate of 7.3% in the July-September quarter i.e Q2 of the fiscal year 2016-17. 

GDP growth was 7.1% in the previous quarter. The increase in growth rate was owing to strong consumption demand.

Quarterly GVA at basic prices for Q2 of 2016-17 frm agri,forestry&fishing sector grew by 3.3% as compared to growth of 2.0% in Q2 '15-16:CSO

— ANI (@ANI_news) November 30, 2016

Quarterly GVA at basic prices for Q2 of '16-17 from mining&quarrying sector declined by(-)1.5% as compared to growth of 5.0% in Q2 of '15-16

— ANI (@ANI_news) November 30, 2016

However, with sharp cash crunch post PM Modi's decision to scrap Rs 500, Rs 1000 notes on November 8 , is likely to impact GDP growth in the coming future. Former PM Manmohan Singh has predicted in Rajya Sabha that GDP growth may get subdued by 2% due to demonetization.