India's GDP- What do the numbers speak?

Economic condition determines the health of a country.

In a developing country like India, state of economy is the most discussed topic. Let us just look at the numbers of GDP under the NDA government. 

After the BJP government came to power in 2014, GDP has been growing steadily until slew of economic reforms were enacted. 

• For FY 2014-15, the economy grew at 7.5 per cent. 
• For FY 2015-16, the economy grew at 8 per cent.
• For FY 2016-17, the economy grew at 7.1 per cent.
• This drastic slow down from 8 % has been mainly due to demonetisation.
• Private consumption declined due to cash crunch
• The informal sectors and MSME sectors were hit 

The below graphic presents the GDP growth for the last 5 financial years (Link).

With disruptions caused due to demonetisation and implementation of GST, the growth rate of Indian economy has slowed down. Its tag of fasted growing economy has been lost.

Quarterly performance till Q 2  FY 18 can be seen in the below graphic (Link): 

The overall growth for FY 18 from various sources have been between the range of 6.5 % to 7.2 % or more.

That is all for my 1st post on Indian Economy. 

In my coming up posts, I intend to share insights related to sectoral contribution of various sectors to India's GDP and trends in their growth, analysis of economic indicators such as PMI, core sector growth, Index of Industrial production, movement in stock markets, etc.