There is an uptick despite international headwinds, says Economic Affairs Secretary AtanuChakraborty.
The Indian economy grew 4.7 per cent in the third quarter ended December 31, 2019, the National Statistics Office said on Friday.
The first quarter GDP growth for this fiscal has been revised upwards to 5.6 per cent, from the 5.1 per cent estimated earlier. The second quarter GDP growth for the current fiscal has also been revised upwards to 5.1 per cent from 4.5 per cent announced earlier.
Speaking to reporters, Economic Affairs Secretary AtanuChakraborty said that the uptick in agriculture and services along with a strong showing in core industries in December and January continued to drive growth.
“The economy has bottomed out. There is an uptick despite international headwinds,” he said. Asked about the impact of coronavirus on Indian economy, Chakraborty said that it was an “unfolding story”.
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