GDP Re­lief

Business Today - - THE BUZZ - BT

THE JUST RE­LEASED GDP num­bers for the first quar­ter of FY19 — show­ing 8.2 per cent growth— have come as a re­lief for the gov­ern­ment. How­ever, while the re­cov­ery is ro­bust, it still de­pends too much on the gov­ern­ment’s spend­ing – and also to an ex­tent on a favourable base ef­fect. The gov­ern­ment needs to make sure that it can keep the mo­men­tum go­ing.

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