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Is the revival in GDP growth sustainable?

Q1FY19 has logged GDP growth of 8.2%, kindling hopes of an economic revival

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Published 3 years ago on Sep 18, 2018 1 minute Read

Sampath Reddy, chief investment officer, Bajaj Allianz Life Insurance

India’s GDP growth is witnessing a revival post demonetisation and GST implementation. Private consumption growth rose sharply to 8.6% in Q1FY19, better than 6.9% in Q1FY18. Private consumption expenditure now accounts for 54.9%; services sector grew by 7.5% in Q1FY19 compared with 8.5% in Q1FY18. Domestic consumption demand continues to be healthy. However, private sector investment demand has been subdued for past few years, with most of the investment spendi

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