What are current trends in India’s GDP / Economic Growth?

The latest official data on India’s GDP estimates were released on 30 November,2017 for second quarter of 2017-18. As per these figures, at constant prices (2011-12), India’s GDP came in at Rs. 31.7 lakh crore as compared to Rs 29.8 lakh crore for Q2 (2016-17), registering a 6.3 percent growth year-on-year. This apart, the overall Gross Value Added (GVA) at basic price at constant (2011-12) prices registered a growth of 6.1 percent over the same period last year. The following graph shows India’s economic growth data in recent years:

The above graph makes it clear that India’s GDP growth has been on decline since Q-1 of 2016-17, due to many reasons including demonetisation and global reasons. The recent data shows reversal of the trend of last five quarters. The impoact of GST and GST collection will be visible in few months from now.