Diabytes
India's Q2 GDP growth News
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For the moment, "we must celebrate uptick in the economy", Niti Aayog Vice-Chairman Rajiv Kumar said.
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Adhia said while calculating the GDP figure this time, the indirect tax number that was taken was based on certain calculations.
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Former finance minister P Chidambaram further said Q2 economic growth is also far below the potential of a well-managed Indian economy.
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The broader NSE Nifty, after cracking below the key 10,300-mark, touched a low of 10,211.25, before finally ending 134.75 points, or 1.30 percent, down at 10,226.55.
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Growth had slid to a three-year low of 5.7 percent for the three months to June on the spillover effects of the note ban and the GST implementation.
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The NSE Nifty was quoting higher by 20.50 points or 0.25 percent, at 8,245.
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India remained the fastest growing major economy with its GDP accelerating to 7.3 percent in the September quarter, pushed mainly by farm output, although the momentum may be hit in the coming months by the impact of demonetisation.
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Figures out Friday are expected to show India`s faltering economy grew at its fastest pace in over two years in the first financial quarter, as the election of a new right-wing government spurred confidence.
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