India GDP growth slumps to 5.7% in Q1, hit by GST implementation
India’s economic growth decelerated to 5.7% in the June quarter of financial year 2017-18 against 6.1% in the preceding quarter on the back of destocking activities undertaken by the manufacturers ahead of Goods and Services Tax (GST) implementation. Manufacturing clearly impacted by uncertainty surrounding GST dipped to 1.2% from 5.3% in the previous quarter. However, construction […]
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