Statsguru: Economy rebounds in Q2FY18

Gross value added, which excludes product taxes and subsidies, grew by 6.1% in Q2

India’s economy rebounded in the second quarter of the current financial year (Q2FY18), with gross domestic product (GDP) growing at 6.3 per cent, up from 5.7 per cent in the previous quarter. Gross value added (GVA), which excludes product taxes and subsidies, grew by 6.1 per cent in Q2, as shown in Chart 1. It had grown by 5.6 per cent in Q1. 

Core GVA, which excludes agriculture and public spending, grew by 6.8 per cent in Q2, up from 5.5 per cent in Q1, suggesting that the disruption in economic activity due to demonetisation and the goods and service tax