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Tuesday, November 5, 2024
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Home50-Word EditConstruction, manufacturing drive Q2 growth. Govt needs to look into consumption's low...

Construction, manufacturing drive Q2 growth. Govt needs to look into consumption’s low contribution

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A 7.6 percent growth in Q2, when RBI predicted 6.5 percent, is a strong consolidation of Q1’s performance. Construction has surged, with double-digit growth on an already high base. Manufacturing, too, has turned around strongly. But the government should look into whether consumption’s lower contribution to GDP suggests income distress.

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