Q2FY09 GDP growth@ 7.6%

As I mentioned in my last post, Indian economy will grow higher than the projected by Economists. India’s GDP grew 7.6% in Q2, though lower than 7.9% in Q1 of this financial year, has come at higher than expected 7.2%  median forecast of 16 economists in a Bloomberg News survey . What’s more, Agriculture and Services have surprised with better than projected growth. With this H1FY09 GDP growth is 7.8% and the situation has to be much grimmer in H2 for growth to dip below 7% which I dont feel is going to happen under the given circumstances.

My heartfelt sympathies to those who have lost their loved ones in the terror attacks.