India GDP 2016 Q1

'GDP to grow faster in Q1

On govt spending in infra'

NEW DELH,PTI: Additional capital expenditure by the government in infrastructure projects will help the economy grow faster in the first quarter of current fiscal, industry said on Thurday

It also said that the country's economy would grow by over 8% in the current fiscal on the back of better monsoons, rural demand and ongoing fastpaced reforms process.
The first quarter of the current year would show faster growth due to additional capex spending by government on infrastructure projects, CII said in a statement.

The economy has definitely around and CII strongly expects GDP growth to pick up to over 8% during the current financial year, CII President Naushad Forbes said.

"We believe that recovery is now well-entrenched and can be expected to pick up pace with better monsoons, rural demand, and ongoing fast-paced reforms process," he said.
FICCI secretary General A Didar Singh said the lastest GDP numbers underscore that the economy is gathering pace at a much faster than anticipated. A growth of 7.9% in the quarter of 2015-16, was a reflection of the economy gaining momentum fo llowing a series of far reaching and targeted reform measures taken by the government over the last two years to debottleneck several sectors, he said.
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Assocham said it was time to build on the gains and bolster private investment which will be a big catalyst for job creation and achieving the ultimate objective of sustainable growth.