LOPSIDED VIEW
This was also the case despite a pick-up in demand during the period after two dismal consecutive quarters.
Although growth in gross fixed capital formation (GFCF), representing investment, fell to a five-quarter low of 7.96 per cent, the comparison with the first two quarters of the previous year is a bit askew due to the low year-on-year (Y-o-Y) base of those periods. When comparing the investment growth rate in Q1 of this financial year with the previous two quarters, the fall was not too significant.
Growth was 7.99 per cent in the third quarter (Q3) and 8.92 per cent in the fourth quarter (Q4) of 2022-23 (FY23).
Esta historia es de la edición September 01, 2023 de Business Standard.
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