Economy may pick up in Q2FY18, putting GST, demonetisation impact behind

GVA by 300-odd firms grew at 13% in Q2FY18, after falling to a four-quarter low of 8.4% in Q1FY18

Going by corporate results so far, the economy might have bounced back in the September quarter of this financial year (FY18), after the pressure from demonetisation and the goods and services tax (GST).

Gross value added (GVA) by 300-odd companies, which have reported their results, (nominal terms) grew 13 per cent in the quarter, the second one (Q2) of FY18, after falling to a four-quarter low of 8.4 per cent in the June quarter (Q1). 

The GVA of these companies had slowed to 9.8 per cent in the March quarter, after growing 16.3 per cent in the earlier, December, quarter. 

In Q1 of