India’s Economy Surges 8.2 Per Cent In Best Quarter Since Cash Ban

[Pavel + 384]

India’s economy grew 8.2 per cent in from April to June of this year, its fastest pace of expansion since Prime Minister Narendra Modi’s 2016 cash ban, a shock that drained liquidity from the economy. Economists attributed the robust performance in the quarter to a powerful base effect, after weakness during the same period last year that stemmed from India gearing up for a major overhaul of the tax system. Many companies brought production to a halt — and engaged in a huge de-stocking exercise — from April to June last year, as they prepared for a shift to a new goods-and-services tax on July 1.
 

[rainman + 263]

Modi is making India great again...

[damirUSBiH + 327]

Rupee hits historic lows against USD. GDP Growth hits new highs touching 8.2% What is true ? Growth ? Inflation ? Both ?

[50 shades of black + 254]

 

1 minute ago, damirUSBiH said:

Rupee hits historic lows against USD. GDP Growth hits new highs touching 8.2% What is true ? Growth ? Inflation ? Both ?

This is answer: both

https://www.bbc.co.uk/news/business-45369884

[jpZelabal + 63]

Growning economy? Hmmm. Rupee hits record low of 71 per dollar, RBI sells dollars in small amounts..