Q2 GDP at 7.4% shows path of recovery: FICCI

Commenting on the second quarter GDP numbers, Dr. A Didar Singh, Secretary General, FICCI said that the there has been an uptick in the GDP numbers and the economy is steadily moving on the recovery path, which is an encouraging sign.

“Both industry and services sector continue to support growth and the performance of agriculture sector has also noted an improvement. We need to maintain this momentum and move on to a higher growth trajectory, which calls for continuous reforms,” added Singh.

He also said that the global economy has been volatile and domestic demand is restrained. Both Government and RBI have been factoring in the aberrations and amidst this situation it is critical to keep the optimism intact.

“It is important to remain proactive on the reforms front and focus on implementation. We also look forward to RBI’s assessment of the economic situation in the fifth bi-monthly monetary policy to be announced tomorrow”, said Dr. Singh.

Source: https://www.dnaindia.com/business/report-q2-gdp-at-74-shows-path-of-recovery-ficci-2150689