Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 73,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'catslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 73,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/economy-all-clear-but-riders-remain-jayanta-roy-chowdhury-and-r-suryamurthy-4683328/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/economy-all-clear-but-riders-remain-jayanta-roy-chowdhury-and-r-suryamurthy-4683328/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'catslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
$message = 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
$stackFrame = (int) 1
$trace = [
	(int) 0 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ServerRequest.php',
		'line' => (int) 2421,
		'function' => 'deprecationWarning',
		'args' => [
			(int) 0 => 'The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead.'
		]
	],
	(int) 1 => [
		'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
		'line' => (int) 74,
		'function' => 'offsetGet',
		'class' => 'Cake\Http\ServerRequest',
		'object' => object(Cake\Http\ServerRequest) {},
		'type' => '->',
		'args' => [
			(int) 0 => 'artileslug'
		]
	],
	(int) 2 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Controller/Controller.php',
		'line' => (int) 610,
		'function' => 'printArticle',
		'class' => 'App\Controller\ArtileDetailController',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 3 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 120,
		'function' => 'invokeAction',
		'class' => 'Cake\Controller\Controller',
		'object' => object(App\Controller\ArtileDetailController) {},
		'type' => '->',
		'args' => []
	],
	(int) 4 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/ActionDispatcher.php',
		'line' => (int) 94,
		'function' => '_invoke',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(App\Controller\ArtileDetailController) {}
		]
	],
	(int) 5 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/BaseApplication.php',
		'line' => (int) 235,
		'function' => 'dispatch',
		'class' => 'Cake\Http\ActionDispatcher',
		'object' => object(Cake\Http\ActionDispatcher) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 6 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Http\BaseApplication',
		'object' => object(App\Application) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 7 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/RoutingMiddleware.php',
		'line' => (int) 162,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 8 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\RoutingMiddleware',
		'object' => object(Cake\Routing\Middleware\RoutingMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 9 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Routing/Middleware/AssetMiddleware.php',
		'line' => (int) 88,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 10 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Routing\Middleware\AssetMiddleware',
		'object' => object(Cake\Routing\Middleware\AssetMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 11 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Middleware/ErrorHandlerMiddleware.php',
		'line' => (int) 96,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 12 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 65,
		'function' => '__invoke',
		'class' => 'Cake\Error\Middleware\ErrorHandlerMiddleware',
		'object' => object(Cake\Error\Middleware\ErrorHandlerMiddleware) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {},
			(int) 2 => object(Cake\Http\Runner) {}
		]
	],
	(int) 13 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Runner.php',
		'line' => (int) 51,
		'function' => '__invoke',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\ServerRequest) {},
			(int) 1 => object(Cake\Http\Response) {}
		]
	],
	(int) 14 => [
		'file' => '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Http/Server.php',
		'line' => (int) 98,
		'function' => 'run',
		'class' => 'Cake\Http\Runner',
		'object' => object(Cake\Http\Runner) {},
		'type' => '->',
		'args' => [
			(int) 0 => object(Cake\Http\MiddlewareQueue) {},
			(int) 1 => object(Cake\Http\ServerRequest) {},
			(int) 2 => object(Cake\Http\Response) {}
		]
	],
	(int) 15 => [
		'file' => '/home/brlfuser/public_html/webroot/index.php',
		'line' => (int) 39,
		'function' => 'run',
		'class' => 'Cake\Http\Server',
		'object' => object(Cake\Http\Server) {},
		'type' => '->',
		'args' => []
	]
]
$frame = [
	'file' => '/home/brlfuser/public_html/src/Controller/ArtileDetailController.php',
	'line' => (int) 74,
	'function' => 'offsetGet',
	'class' => 'Cake\Http\ServerRequest',
	'object' => object(Cake\Http\ServerRequest) {
		trustProxy => false
		[protected] params => [
			[maximum depth reached]
		]
		[protected] data => [[maximum depth reached]]
		[protected] query => [[maximum depth reached]]
		[protected] cookies => [
			[maximum depth reached]
		]
		[protected] _environment => [
			[maximum depth reached]
		]
		[protected] url => 'latest-news-updates/economy-all-clear-but-riders-remain-jayanta-roy-chowdhury-and-r-suryamurthy-4683328/print'
		[protected] base => ''
		[protected] webroot => '/'
		[protected] here => '/latest-news-updates/economy-all-clear-but-riders-remain-jayanta-roy-chowdhury-and-r-suryamurthy-4683328/print'
		[protected] trustedProxies => [[maximum depth reached]]
		[protected] _input => null
		[protected] _detectors => [
			[maximum depth reached]
		]
		[protected] _detectorCache => [
			[maximum depth reached]
		]
		[protected] stream => object(Zend\Diactoros\PhpInputStream) {}
		[protected] uri => object(Zend\Diactoros\Uri) {}
		[protected] session => object(Cake\Http\Session) {}
		[protected] attributes => [[maximum depth reached]]
		[protected] emulatedAttributes => [
			[maximum depth reached]
		]
		[protected] uploadedFiles => [[maximum depth reached]]
		[protected] protocol => null
		[protected] requestTarget => null
		[private] deprecatedProperties => [
			[maximum depth reached]
		]
	},
	'type' => '->',
	'args' => [
		(int) 0 => 'artileslug'
	]
]
deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

                trigger_error($message, E_USER_WARNING);

            } else {
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0cea292d0d-trace').style.display = (document.getElementById('cakeErr67f0cea292d0d-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f0cea292d0d-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0cea292d0d-code').style.display = (document.getElementById('cakeErr67f0cea292d0d-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0cea292d0d-context').style.display = (document.getElementById('cakeErr67f0cea292d0d-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f0cea292d0d-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67f0cea292d0d-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 35221,
		&#039;title&#039; =&gt; &#039;Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Telegraph&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.&lt;br /&gt;
&lt;br /&gt;
The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.&lt;br /&gt;
&lt;br /&gt;
The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; The number fell short of a Reuters poll forecast of 6.4 per cent.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.&lt;br /&gt;
&lt;br /&gt;
The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.&lt;br /&gt;
&lt;br /&gt;
The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it&#039;s only in one quarter - the first quarter of this year - when it fell below 6 per cent,&amp;quot; Jaitley said.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&amp;quot; he added.&lt;br /&gt;
&lt;br /&gt;
The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Today&#039;s GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&amp;quot; tweeted BJP president Amit Shah.&lt;br /&gt;
&lt;br /&gt;
Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&amp;quot; he said in a series of tweets.&lt;br /&gt;
&lt;br /&gt;
Chidambaram added: &amp;quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.&lt;br /&gt;
&lt;br /&gt;
Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister&#039;s Economic Advisory Committee, said: &amp;quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.&lt;br /&gt;
&lt;br /&gt;
Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&amp;quot; said Pronab Sen, former chairman of the National Statistical Commission.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Telegraph, 1 December, 2017, https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;economy-all-clear-but-riders-remain-jayanta-roy-chowdhury-and-r-suryamurthy-4683328&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4683328,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 35221,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Gross Value Added (GVA),Goods and Services Tax,Goods and Services Tax (GST),GDP estimates,GDP growth,GDP growth rate,Economic Growth&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-The Telegraph

New Delhi: India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.

&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Telegraph&lt;br /&gt;&lt;br /&gt;&lt;em&gt;New Delhi: &lt;/em&gt;India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.&lt;br /&gt;&lt;br /&gt;&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.&lt;br /&gt;&lt;br /&gt;The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.&lt;br /&gt;&lt;br /&gt;The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.&lt;br /&gt;&lt;br /&gt;&amp;bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.&lt;br /&gt;&lt;br /&gt;&amp;bull; The number fell short of a Reuters poll forecast of 6.4 per cent.&lt;br /&gt;&lt;br /&gt;&amp;bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.&lt;br /&gt;&lt;br /&gt;The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.&lt;br /&gt;&lt;br /&gt;The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.&lt;br /&gt;&lt;br /&gt;&amp;quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it&#039;s only in one quarter - the first quarter of this year - when it fell below 6 per cent,&amp;quot; Jaitley said.&lt;br /&gt;&lt;br /&gt;&amp;quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&amp;quot; he added.&lt;br /&gt;&lt;br /&gt;The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.&lt;br /&gt;&lt;br /&gt;&amp;quot;Today&#039;s GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&amp;quot; tweeted BJP president Amit Shah.&lt;br /&gt;&lt;br /&gt;Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.&lt;br /&gt;&lt;br /&gt;&amp;quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&amp;quot; he said in a series of tweets.&lt;br /&gt;&lt;br /&gt;Chidambaram added: &amp;quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&amp;quot;&lt;br /&gt;&lt;br /&gt;Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.&lt;br /&gt;&lt;br /&gt;Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister&#039;s Economic Advisory Committee, said: &amp;quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&amp;quot;&lt;br /&gt;&lt;br /&gt;A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.&lt;br /&gt;&lt;br /&gt;Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.&lt;br /&gt;&lt;br /&gt;&amp;quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&amp;quot; said Pronab Sen, former chairman of the National Statistical Commission.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot; title=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 35221,
	&#039;title&#039; =&gt; &#039;Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Telegraph&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.&lt;br /&gt;
&lt;br /&gt;
The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.&lt;br /&gt;
&lt;br /&gt;
The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; The number fell short of a Reuters poll forecast of 6.4 per cent.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.&lt;br /&gt;
&lt;br /&gt;
The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.&lt;br /&gt;
&lt;br /&gt;
The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it&#039;s only in one quarter - the first quarter of this year - when it fell below 6 per cent,&amp;quot; Jaitley said.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&amp;quot; he added.&lt;br /&gt;
&lt;br /&gt;
The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Today&#039;s GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&amp;quot; tweeted BJP president Amit Shah.&lt;br /&gt;
&lt;br /&gt;
Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&amp;quot; he said in a series of tweets.&lt;br /&gt;
&lt;br /&gt;
Chidambaram added: &amp;quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.&lt;br /&gt;
&lt;br /&gt;
Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister&#039;s Economic Advisory Committee, said: &amp;quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.&lt;br /&gt;
&lt;br /&gt;
Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&amp;quot; said Pronab Sen, former chairman of the National Statistical Commission.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Telegraph, 1 December, 2017, https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;economy-all-clear-but-riders-remain-jayanta-roy-chowdhury-and-r-suryamurthy-4683328&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4683328,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {},
		(int) 6 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 35221
$metaTitle = &#039;LATEST NEWS UPDATES | Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy&#039;
$metaKeywords = &#039;Gross Value Added (GVA),Goods and Services Tax,Goods and Services Tax (GST),GDP estimates,GDP growth,GDP growth rate,Economic Growth&#039;
$metaDesc = &#039;
-The Telegraph

New Delhi: India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.

&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Telegraph&lt;br /&gt;&lt;br /&gt;&lt;em&gt;New Delhi: &lt;/em&gt;India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.&lt;br /&gt;&lt;br /&gt;&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.&lt;br /&gt;&lt;br /&gt;The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.&lt;br /&gt;&lt;br /&gt;The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.&lt;br /&gt;&lt;br /&gt;&amp;bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.&lt;br /&gt;&lt;br /&gt;&amp;bull; The number fell short of a Reuters poll forecast of 6.4 per cent.&lt;br /&gt;&lt;br /&gt;&amp;bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.&lt;br /&gt;&lt;br /&gt;The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.&lt;br /&gt;&lt;br /&gt;The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.&lt;br /&gt;&lt;br /&gt;&amp;quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it&#039;s only in one quarter - the first quarter of this year - when it fell below 6 per cent,&amp;quot; Jaitley said.&lt;br /&gt;&lt;br /&gt;&amp;quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&amp;quot; he added.&lt;br /&gt;&lt;br /&gt;The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.&lt;br /&gt;&lt;br /&gt;&amp;quot;Today&#039;s GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&amp;quot; tweeted BJP president Amit Shah.&lt;br /&gt;&lt;br /&gt;Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.&lt;br /&gt;&lt;br /&gt;&amp;quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&amp;quot; he said in a series of tweets.&lt;br /&gt;&lt;br /&gt;Chidambaram added: &amp;quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&amp;quot;&lt;br /&gt;&lt;br /&gt;Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.&lt;br /&gt;&lt;br /&gt;Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister&#039;s Economic Advisory Committee, said: &amp;quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&amp;quot;&lt;br /&gt;&lt;br /&gt;A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.&lt;br /&gt;&lt;br /&gt;Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.&lt;br /&gt;&lt;br /&gt;&amp;quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&amp;quot; said Pronab Sen, former chairman of the National Statistical Commission.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot; title=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/economy-all-clear-but-riders-remain-jayanta-roy-chowdhury-and-r-suryamurthy-4683328.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy | Im4change.org</title>
    <meta name="description" content="
-The Telegraph

New Delhi: India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.

&quot;The impact of the demonetisation and the GST is well behind us,&quot; finance minister Arun Jaitley said on..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-The Telegraph<br /><br /><em>New Delhi: </em>India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.<br /><br />&quot;The impact of the demonetisation and the GST is well behind us,&quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.<br /><br />The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.<br /><br />The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.<br /><br />&bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.<br /><br />&bull; The number fell short of a Reuters poll forecast of 6.4 per cent.<br /><br />&bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.<br /><br />The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.<br /><br />The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.<br /><br />&quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it's only in one quarter - the first quarter of this year - when it fell below 6 per cent,&quot; Jaitley said.<br /><br />&quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&quot; he added.<br /><br />The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.<br /><br />&quot;Today's GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&quot; tweeted BJP president Amit Shah.<br /><br />Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.<br /><br />&quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&quot; he said in a series of tweets.<br /><br />Chidambaram added: &quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&quot;<br /><br />Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.<br /><br />Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister's Economic Advisory Committee, said: &quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&quot;<br /><br />A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.<br /><br />Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.<br /><br />&quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&quot; said Pronab Sen, former chairman of the National Statistical Commission.<br /><br />Please <a href="https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260" title="https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260">click here</a> to read more. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$maxBufferLength = (int) 8192
$file = '/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php'
$line = (int) 853
$message = 'Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853'
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 48
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Code Context
            $response->getStatusCode(),

            ($reasonPhrase ? ' ' . $reasonPhrase : '')

        ));
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0cea292d0d-trace').style.display = (document.getElementById('cakeErr67f0cea292d0d-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f0cea292d0d-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0cea292d0d-code').style.display = (document.getElementById('cakeErr67f0cea292d0d-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0cea292d0d-context').style.display = (document.getElementById('cakeErr67f0cea292d0d-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f0cea292d0d-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67f0cea292d0d-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 35221,
		&#039;title&#039; =&gt; &#039;Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Telegraph&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.&lt;br /&gt;
&lt;br /&gt;
The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.&lt;br /&gt;
&lt;br /&gt;
The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; The number fell short of a Reuters poll forecast of 6.4 per cent.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.&lt;br /&gt;
&lt;br /&gt;
The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.&lt;br /&gt;
&lt;br /&gt;
The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it&#039;s only in one quarter - the first quarter of this year - when it fell below 6 per cent,&amp;quot; Jaitley said.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&amp;quot; he added.&lt;br /&gt;
&lt;br /&gt;
The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Today&#039;s GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&amp;quot; tweeted BJP president Amit Shah.&lt;br /&gt;
&lt;br /&gt;
Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&amp;quot; he said in a series of tweets.&lt;br /&gt;
&lt;br /&gt;
Chidambaram added: &amp;quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.&lt;br /&gt;
&lt;br /&gt;
Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister&#039;s Economic Advisory Committee, said: &amp;quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.&lt;br /&gt;
&lt;br /&gt;
Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&amp;quot; said Pronab Sen, former chairman of the National Statistical Commission.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Telegraph, 1 December, 2017, https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;economy-all-clear-but-riders-remain-jayanta-roy-chowdhury-and-r-suryamurthy-4683328&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4683328,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 35221,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Gross Value Added (GVA),Goods and Services Tax,Goods and Services Tax (GST),GDP estimates,GDP growth,GDP growth rate,Economic Growth&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-The Telegraph

New Delhi: India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.

&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Telegraph&lt;br /&gt;&lt;br /&gt;&lt;em&gt;New Delhi: &lt;/em&gt;India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.&lt;br /&gt;&lt;br /&gt;&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.&lt;br /&gt;&lt;br /&gt;The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.&lt;br /&gt;&lt;br /&gt;The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.&lt;br /&gt;&lt;br /&gt;&amp;bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.&lt;br /&gt;&lt;br /&gt;&amp;bull; The number fell short of a Reuters poll forecast of 6.4 per cent.&lt;br /&gt;&lt;br /&gt;&amp;bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.&lt;br /&gt;&lt;br /&gt;The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.&lt;br /&gt;&lt;br /&gt;The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.&lt;br /&gt;&lt;br /&gt;&amp;quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it&#039;s only in one quarter - the first quarter of this year - when it fell below 6 per cent,&amp;quot; Jaitley said.&lt;br /&gt;&lt;br /&gt;&amp;quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&amp;quot; he added.&lt;br /&gt;&lt;br /&gt;The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.&lt;br /&gt;&lt;br /&gt;&amp;quot;Today&#039;s GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&amp;quot; tweeted BJP president Amit Shah.&lt;br /&gt;&lt;br /&gt;Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.&lt;br /&gt;&lt;br /&gt;&amp;quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&amp;quot; he said in a series of tweets.&lt;br /&gt;&lt;br /&gt;Chidambaram added: &amp;quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&amp;quot;&lt;br /&gt;&lt;br /&gt;Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.&lt;br /&gt;&lt;br /&gt;Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister&#039;s Economic Advisory Committee, said: &amp;quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&amp;quot;&lt;br /&gt;&lt;br /&gt;A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.&lt;br /&gt;&lt;br /&gt;Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.&lt;br /&gt;&lt;br /&gt;&amp;quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&amp;quot; said Pronab Sen, former chairman of the National Statistical Commission.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot; title=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 35221,
	&#039;title&#039; =&gt; &#039;Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Telegraph&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.&lt;br /&gt;
&lt;br /&gt;
The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.&lt;br /&gt;
&lt;br /&gt;
The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; The number fell short of a Reuters poll forecast of 6.4 per cent.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.&lt;br /&gt;
&lt;br /&gt;
The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.&lt;br /&gt;
&lt;br /&gt;
The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it&#039;s only in one quarter - the first quarter of this year - when it fell below 6 per cent,&amp;quot; Jaitley said.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&amp;quot; he added.&lt;br /&gt;
&lt;br /&gt;
The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Today&#039;s GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&amp;quot; tweeted BJP president Amit Shah.&lt;br /&gt;
&lt;br /&gt;
Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&amp;quot; he said in a series of tweets.&lt;br /&gt;
&lt;br /&gt;
Chidambaram added: &amp;quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.&lt;br /&gt;
&lt;br /&gt;
Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister&#039;s Economic Advisory Committee, said: &amp;quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.&lt;br /&gt;
&lt;br /&gt;
Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&amp;quot; said Pronab Sen, former chairman of the National Statistical Commission.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Telegraph, 1 December, 2017, https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;economy-all-clear-but-riders-remain-jayanta-roy-chowdhury-and-r-suryamurthy-4683328&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4683328,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {},
		(int) 6 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 35221
$metaTitle = &#039;LATEST NEWS UPDATES | Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy&#039;
$metaKeywords = &#039;Gross Value Added (GVA),Goods and Services Tax,Goods and Services Tax (GST),GDP estimates,GDP growth,GDP growth rate,Economic Growth&#039;
$metaDesc = &#039;
-The Telegraph

New Delhi: India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.

&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Telegraph&lt;br /&gt;&lt;br /&gt;&lt;em&gt;New Delhi: &lt;/em&gt;India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.&lt;br /&gt;&lt;br /&gt;&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.&lt;br /&gt;&lt;br /&gt;The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.&lt;br /&gt;&lt;br /&gt;The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.&lt;br /&gt;&lt;br /&gt;&amp;bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.&lt;br /&gt;&lt;br /&gt;&amp;bull; The number fell short of a Reuters poll forecast of 6.4 per cent.&lt;br /&gt;&lt;br /&gt;&amp;bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.&lt;br /&gt;&lt;br /&gt;The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.&lt;br /&gt;&lt;br /&gt;The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.&lt;br /&gt;&lt;br /&gt;&amp;quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it&#039;s only in one quarter - the first quarter of this year - when it fell below 6 per cent,&amp;quot; Jaitley said.&lt;br /&gt;&lt;br /&gt;&amp;quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&amp;quot; he added.&lt;br /&gt;&lt;br /&gt;The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.&lt;br /&gt;&lt;br /&gt;&amp;quot;Today&#039;s GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&amp;quot; tweeted BJP president Amit Shah.&lt;br /&gt;&lt;br /&gt;Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.&lt;br /&gt;&lt;br /&gt;&amp;quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&amp;quot; he said in a series of tweets.&lt;br /&gt;&lt;br /&gt;Chidambaram added: &amp;quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&amp;quot;&lt;br /&gt;&lt;br /&gt;Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.&lt;br /&gt;&lt;br /&gt;Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister&#039;s Economic Advisory Committee, said: &amp;quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&amp;quot;&lt;br /&gt;&lt;br /&gt;A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.&lt;br /&gt;&lt;br /&gt;Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.&lt;br /&gt;&lt;br /&gt;&amp;quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&amp;quot; said Pronab Sen, former chairman of the National Statistical Commission.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot; title=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/economy-all-clear-but-riders-remain-jayanta-roy-chowdhury-and-r-suryamurthy-4683328.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy | Im4change.org</title>
    <meta name="description" content="
-The Telegraph

New Delhi: India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.

&quot;The impact of the demonetisation and the GST is well behind us,&quot; finance minister Arun Jaitley said on..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-The Telegraph<br /><br /><em>New Delhi: </em>India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.<br /><br />&quot;The impact of the demonetisation and the GST is well behind us,&quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.<br /><br />The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.<br /><br />The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.<br /><br />&bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.<br /><br />&bull; The number fell short of a Reuters poll forecast of 6.4 per cent.<br /><br />&bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.<br /><br />The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.<br /><br />The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.<br /><br />&quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it's only in one quarter - the first quarter of this year - when it fell below 6 per cent,&quot; Jaitley said.<br /><br />&quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&quot; he added.<br /><br />The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.<br /><br />&quot;Today's GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&quot; tweeted BJP president Amit Shah.<br /><br />Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.<br /><br />&quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&quot; he said in a series of tweets.<br /><br />Chidambaram added: &quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&quot;<br /><br />Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.<br /><br />Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister's Economic Advisory Committee, said: &quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&quot;<br /><br />A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.<br /><br />Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.<br /><br />&quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&quot; said Pronab Sen, former chairman of the National Statistical Commission.<br /><br />Please <a href="https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260" title="https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260">click here</a> to read more. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$reasonPhrase = 'OK'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitStatusLine() - CORE/src/Http/ResponseEmitter.php, line 148
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 54
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Code Context
                    $value

                ), $first);

                $first = false;
$response = object(Cake\Http\Response) {

	'status' => (int) 200,
	'contentType' => 'text/html',
	'headers' => [
		'Content-Type' => [
			[maximum depth reached]
		]
	],
	'file' => null,
	'fileRange' => [],
	'cookies' => object(Cake\Http\Cookie\CookieCollection) {},
	'cacheDirectives' => [],
	'body' => '<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN"
        "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head>
    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0cea292d0d-trace').style.display = (document.getElementById('cakeErr67f0cea292d0d-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f0cea292d0d-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0cea292d0d-code').style.display = (document.getElementById('cakeErr67f0cea292d0d-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f0cea292d0d-context').style.display = (document.getElementById('cakeErr67f0cea292d0d-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f0cea292d0d-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
</span></span></code></pre><pre id="cakeErr67f0cea292d0d-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
$dataForView = [
	&#039;article_current&#039; =&gt; object(App\Model\Entity\Article) {

		&#039;id&#039; =&gt; (int) 35221,
		&#039;title&#039; =&gt; &#039;Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy&#039;,
		&#039;subheading&#039; =&gt; &#039;&#039;,
		&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Telegraph&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.&lt;br /&gt;
&lt;br /&gt;
The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.&lt;br /&gt;
&lt;br /&gt;
The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; The number fell short of a Reuters poll forecast of 6.4 per cent.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.&lt;br /&gt;
&lt;br /&gt;
The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.&lt;br /&gt;
&lt;br /&gt;
The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it&#039;s only in one quarter - the first quarter of this year - when it fell below 6 per cent,&amp;quot; Jaitley said.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&amp;quot; he added.&lt;br /&gt;
&lt;br /&gt;
The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Today&#039;s GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&amp;quot; tweeted BJP president Amit Shah.&lt;br /&gt;
&lt;br /&gt;
Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&amp;quot; he said in a series of tweets.&lt;br /&gt;
&lt;br /&gt;
Chidambaram added: &amp;quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.&lt;br /&gt;
&lt;br /&gt;
Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister&#039;s Economic Advisory Committee, said: &amp;quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.&lt;br /&gt;
&lt;br /&gt;
Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&amp;quot; said Pronab Sen, former chairman of the National Statistical Commission.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;The Telegraph, 1 December, 2017, https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&#039;,
		&#039;article_img&#039; =&gt; &#039;&#039;,
		&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
		&#039;status&#039; =&gt; (int) 1,
		&#039;show_on_home&#039; =&gt; (int) 1,
		&#039;lang&#039; =&gt; &#039;EN&#039;,
		&#039;category_id&#039; =&gt; (int) 16,
		&#039;tag_keyword&#039; =&gt; &#039;&#039;,
		&#039;seo_url&#039; =&gt; &#039;economy-all-clear-but-riders-remain-jayanta-roy-chowdhury-and-r-suryamurthy-4683328&#039;,
		&#039;meta_title&#039; =&gt; null,
		&#039;meta_keywords&#039; =&gt; null,
		&#039;meta_description&#039; =&gt; null,
		&#039;noindex&#039; =&gt; (int) 0,
		&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
		&#039;most_visit_section_id&#039; =&gt; null,
		&#039;article_big_img&#039; =&gt; null,
		&#039;liveid&#039; =&gt; (int) 4683328,
		&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
		&#039;edate&#039; =&gt; &#039;&#039;,
		&#039;tags&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
		&#039;[new]&#039; =&gt; false,
		&#039;[accessible]&#039; =&gt; [
			[maximum depth reached]
		],
		&#039;[dirty]&#039; =&gt; [[maximum depth reached]],
		&#039;[original]&#039; =&gt; [[maximum depth reached]],
		&#039;[virtual]&#039; =&gt; [[maximum depth reached]],
		&#039;[hasErrors]&#039; =&gt; false,
		&#039;[errors]&#039; =&gt; [[maximum depth reached]],
		&#039;[invalid]&#039; =&gt; [[maximum depth reached]],
		&#039;[repository]&#039; =&gt; &#039;Articles&#039;
	
	},
	&#039;articleid&#039; =&gt; (int) 35221,
	&#039;metaTitle&#039; =&gt; &#039;LATEST NEWS UPDATES | Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy&#039;,
	&#039;metaKeywords&#039; =&gt; &#039;Gross Value Added (GVA),Goods and Services Tax,Goods and Services Tax (GST),GDP estimates,GDP growth,GDP growth rate,Economic Growth&#039;,
	&#039;metaDesc&#039; =&gt; &#039;
-The Telegraph

New Delhi: India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.

&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Telegraph&lt;br /&gt;&lt;br /&gt;&lt;em&gt;New Delhi: &lt;/em&gt;India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.&lt;br /&gt;&lt;br /&gt;&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.&lt;br /&gt;&lt;br /&gt;The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.&lt;br /&gt;&lt;br /&gt;The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.&lt;br /&gt;&lt;br /&gt;&amp;bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.&lt;br /&gt;&lt;br /&gt;&amp;bull; The number fell short of a Reuters poll forecast of 6.4 per cent.&lt;br /&gt;&lt;br /&gt;&amp;bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.&lt;br /&gt;&lt;br /&gt;The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.&lt;br /&gt;&lt;br /&gt;The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.&lt;br /&gt;&lt;br /&gt;&amp;quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it&#039;s only in one quarter - the first quarter of this year - when it fell below 6 per cent,&amp;quot; Jaitley said.&lt;br /&gt;&lt;br /&gt;&amp;quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&amp;quot; he added.&lt;br /&gt;&lt;br /&gt;The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.&lt;br /&gt;&lt;br /&gt;&amp;quot;Today&#039;s GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&amp;quot; tweeted BJP president Amit Shah.&lt;br /&gt;&lt;br /&gt;Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.&lt;br /&gt;&lt;br /&gt;&amp;quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&amp;quot; he said in a series of tweets.&lt;br /&gt;&lt;br /&gt;Chidambaram added: &amp;quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&amp;quot;&lt;br /&gt;&lt;br /&gt;Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.&lt;br /&gt;&lt;br /&gt;Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister&#039;s Economic Advisory Committee, said: &amp;quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&amp;quot;&lt;br /&gt;&lt;br /&gt;A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.&lt;br /&gt;&lt;br /&gt;Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.&lt;br /&gt;&lt;br /&gt;&amp;quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&amp;quot; said Pronab Sen, former chairman of the National Statistical Commission.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot; title=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
	&#039;lang&#039; =&gt; &#039;English&#039;,
	&#039;SITE_URL&#039; =&gt; &#039;https://im4change.in/&#039;,
	&#039;site_title&#039; =&gt; &#039;im4change&#039;,
	&#039;adminprix&#039; =&gt; &#039;admin&#039;
]
$article_current = object(App\Model\Entity\Article) {

	&#039;id&#039; =&gt; (int) 35221,
	&#039;title&#039; =&gt; &#039;Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy&#039;,
	&#039;subheading&#039; =&gt; &#039;&#039;,
	&#039;description&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;
-The Telegraph&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;New Delhi: &lt;/em&gt;India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.&lt;br /&gt;
&lt;br /&gt;
The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.&lt;br /&gt;
&lt;br /&gt;
The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; The number fell short of a Reuters poll forecast of 6.4 per cent.&lt;br /&gt;
&lt;br /&gt;
&amp;bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.&lt;br /&gt;
&lt;br /&gt;
The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.&lt;br /&gt;
&lt;br /&gt;
The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it&#039;s only in one quarter - the first quarter of this year - when it fell below 6 per cent,&amp;quot; Jaitley said.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&amp;quot; he added.&lt;br /&gt;
&lt;br /&gt;
The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Today&#039;s GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&amp;quot; tweeted BJP president Amit Shah.&lt;br /&gt;
&lt;br /&gt;
Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&amp;quot; he said in a series of tweets.&lt;br /&gt;
&lt;br /&gt;
Chidambaram added: &amp;quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.&lt;br /&gt;
&lt;br /&gt;
Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister&#039;s Economic Advisory Committee, said: &amp;quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&amp;quot;&lt;br /&gt;
&lt;br /&gt;
A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.&lt;br /&gt;
&lt;br /&gt;
Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.&lt;br /&gt;
&lt;br /&gt;
&amp;quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&amp;quot; said Pronab Sen, former chairman of the National Statistical Commission.&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Telegraph, 1 December, 2017, https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&#039;,
	&#039;article_img&#039; =&gt; &#039;&#039;,
	&#039;article_img_thumb&#039; =&gt; &#039;&#039;,
	&#039;status&#039; =&gt; (int) 1,
	&#039;show_on_home&#039; =&gt; (int) 1,
	&#039;lang&#039; =&gt; &#039;EN&#039;,
	&#039;category_id&#039; =&gt; (int) 16,
	&#039;tag_keyword&#039; =&gt; &#039;&#039;,
	&#039;seo_url&#039; =&gt; &#039;economy-all-clear-but-riders-remain-jayanta-roy-chowdhury-and-r-suryamurthy-4683328&#039;,
	&#039;meta_title&#039; =&gt; null,
	&#039;meta_keywords&#039; =&gt; null,
	&#039;meta_description&#039; =&gt; null,
	&#039;noindex&#039; =&gt; (int) 0,
	&#039;publish_date&#039; =&gt; object(Cake\I18n\FrozenDate) {},
	&#039;most_visit_section_id&#039; =&gt; null,
	&#039;article_big_img&#039; =&gt; null,
	&#039;liveid&#039; =&gt; (int) 4683328,
	&#039;created&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;modified&#039; =&gt; object(Cake\I18n\FrozenTime) {},
	&#039;edate&#039; =&gt; &#039;&#039;,
	&#039;tags&#039; =&gt; [
		(int) 0 =&gt; object(Cake\ORM\Entity) {},
		(int) 1 =&gt; object(Cake\ORM\Entity) {},
		(int) 2 =&gt; object(Cake\ORM\Entity) {},
		(int) 3 =&gt; object(Cake\ORM\Entity) {},
		(int) 4 =&gt; object(Cake\ORM\Entity) {},
		(int) 5 =&gt; object(Cake\ORM\Entity) {},
		(int) 6 =&gt; object(Cake\ORM\Entity) {}
	],
	&#039;category&#039; =&gt; object(App\Model\Entity\Category) {},
	&#039;[new]&#039; =&gt; false,
	&#039;[accessible]&#039; =&gt; [
		&#039;*&#039; =&gt; true,
		&#039;id&#039; =&gt; false
	],
	&#039;[dirty]&#039; =&gt; [],
	&#039;[original]&#039; =&gt; [],
	&#039;[virtual]&#039; =&gt; [],
	&#039;[hasErrors]&#039; =&gt; false,
	&#039;[errors]&#039; =&gt; [],
	&#039;[invalid]&#039; =&gt; [],
	&#039;[repository]&#039; =&gt; &#039;Articles&#039;

}
$articleid = (int) 35221
$metaTitle = &#039;LATEST NEWS UPDATES | Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy&#039;
$metaKeywords = &#039;Gross Value Added (GVA),Goods and Services Tax,Goods and Services Tax (GST),GDP estimates,GDP growth,GDP growth rate,Economic Growth&#039;
$metaDesc = &#039;
-The Telegraph

New Delhi: India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.

&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Telegraph&lt;br /&gt;&lt;br /&gt;&lt;em&gt;New Delhi: &lt;/em&gt;India&#039;s economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.&lt;br /&gt;&lt;br /&gt;&amp;quot;The impact of the demonetisation and the GST is well behind us,&amp;quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.&lt;br /&gt;&lt;br /&gt;The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.&lt;br /&gt;&lt;br /&gt;The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.&lt;br /&gt;&lt;br /&gt;&amp;bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.&lt;br /&gt;&lt;br /&gt;&amp;bull; The number fell short of a Reuters poll forecast of 6.4 per cent.&lt;br /&gt;&lt;br /&gt;&amp;bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.&lt;br /&gt;&lt;br /&gt;The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.&lt;br /&gt;&lt;br /&gt;The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.&lt;br /&gt;&lt;br /&gt;&amp;quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it&#039;s only in one quarter - the first quarter of this year - when it fell below 6 per cent,&amp;quot; Jaitley said.&lt;br /&gt;&lt;br /&gt;&amp;quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&amp;quot; he added.&lt;br /&gt;&lt;br /&gt;The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.&lt;br /&gt;&lt;br /&gt;&amp;quot;Today&#039;s GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&amp;quot; tweeted BJP president Amit Shah.&lt;br /&gt;&lt;br /&gt;Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.&lt;br /&gt;&lt;br /&gt;&amp;quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&amp;quot; he said in a series of tweets.&lt;br /&gt;&lt;br /&gt;Chidambaram added: &amp;quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&amp;quot;&lt;br /&gt;&lt;br /&gt;Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.&lt;br /&gt;&lt;br /&gt;Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister&#039;s Economic Advisory Committee, said: &amp;quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&amp;quot;&lt;br /&gt;&lt;br /&gt;A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.&lt;br /&gt;&lt;br /&gt;Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.&lt;br /&gt;&lt;br /&gt;&amp;quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&amp;quot; said Pronab Sen, former chairman of the National Statistical Commission.&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot; title=&quot;https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
$lang = &#039;English&#039;
$SITE_URL = &#039;https://im4change.in/&#039;
$site_title = &#039;im4change&#039;
$adminprix = &#039;admin&#039;</pre><pre class="stack-trace">include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51</pre></div></pre>latest-news-updates/economy-all-clear-but-riders-remain-jayanta-roy-chowdhury-and-r-suryamurthy-4683328.html"/>
    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>
    <link href="https://im4change.in/css/control.css" rel="stylesheet" type="text/css"
          media="all"/>
    <title>LATEST NEWS UPDATES | Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy | Im4change.org</title>
    <meta name="description" content="
-The Telegraph

New Delhi: India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.

&quot;The impact of the demonetisation and the GST is well behind us,&quot; finance minister Arun Jaitley said on..."/>
    <script src="https://im4change.in/js/jquery-1.10.2.js"></script>
    <script type="text/javascript" src="https://im4change.in/js/jquery-migrate.min.js"></script>
    <script language="javascript" type="text/javascript">

        $(document).ready(function () {
            var img = $("img")[0]; // Get my img elem
            var pic_real_width, pic_real_height;
            $("<img/>") // Make in memory copy of image to avoid css issues
                .attr("src", $(img).attr("src"))
                .load(function () {
                    pic_real_width = this.width;   // Note: $(this).width() will not
                    pic_real_height = this.height; // work for in memory images.
                });
        });
    </script>
    <style type="text/css">
        @media screen {
            div.divFooter {
                display: block;
            }
        }

        @media print {
            .printbutton {
                display: none !important;
            }
        }
    </style>
</head>
<body>
<table cellpadding="0" cellspacing="0" border="0" width="98%" align="center">
    <tr>
        <td class="top_bg">
            <div class="divFooter">
                <img src="https://im4change.in/images/logo1.jpg" height="59" border="0"
                     alt="Resource centre on India's rural distress" style="padding-top:14px;"/>
            </div>

        </td>
    </tr>
    <tr>
        <td id="topspace">&nbsp;</td>
    </tr>

    <tr id="topspace">
        <td>&nbsp;</td>
    </tr>
    <tr>
        <td height="50" style="border-bottom:1px solid #000; padding-top:10px;" class="printbutton">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>

    <tr>
        <td width="100%">
            <h1 class="news_headlines" style="font-style:normal">
                <strong>Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy</strong></h1>
        </td>
    </tr>
    <tr>
        <td width="100%" style="font-family:Arial, 'Segoe Script', 'Segoe UI', sans-serif, serif"><font size="3">
                <div align="justify">-The Telegraph<br /><br /><em>New Delhi: </em>India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.<br /><br />&quot;The impact of the demonetisation and the GST is well behind us,&quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.<br /><br />The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.<br /><br />The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.<br /><br />&bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.<br /><br />&bull; The number fell short of a Reuters poll forecast of 6.4 per cent.<br /><br />&bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.<br /><br />The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.<br /><br />The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.<br /><br />&quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it's only in one quarter - the first quarter of this year - when it fell below 6 per cent,&quot; Jaitley said.<br /><br />&quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&quot; he added.<br /><br />The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.<br /><br />&quot;Today's GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&quot; tweeted BJP president Amit Shah.<br /><br />Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.<br /><br />&quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&quot; he said in a series of tweets.<br /><br />Chidambaram added: &quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&quot;<br /><br />Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.<br /><br />Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister's Economic Advisory Committee, said: &quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&quot;<br /><br />A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.<br /><br />Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.<br /><br />&quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&quot; said Pronab Sen, former chairman of the National Statistical Commission.<br /><br />Please <a href="https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260" title="https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260">click here</a> to read more. <br /></div>               </font>
        </td>
    </tr>
    <tr>
        <td>&nbsp;</td>
    </tr>

    <tr>
        <td height="50" style="border-top:1px solid #000; border-bottom:1px solid #000;padding-top:10px;">
            <form><input type="button" value=" Print this page "
                         onclick="window.print();return false;"/></form>
        </td>
    </tr>
</table></body>
</html>'

}
$cookies = []
$values = [
	(int) 0 => 'text/html; charset=UTF-8'
]
$name = 'Content-Type'
$first = true
$value = 'text/html; charset=UTF-8'
header - [internal], line ??
Cake\Http\ResponseEmitter::emitHeaders() - CORE/src/Http/ResponseEmitter.php, line 181
Cake\Http\ResponseEmitter::emit() - CORE/src/Http/ResponseEmitter.php, line 55
Cake\Http\Server::emit() - CORE/src/Http/Server.php, line 141
[main] - ROOT/webroot/index.php, line 39

<head>

    <link rel="canonical" href="<?php echo Configure::read('SITE_URL'); ?><?php echo $urlPrefix;?><?php echo $article_current->category->slug; ?>/<?php echo $article_current->seo_url; ?>.html"/>

    <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/>

$viewFile = '/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp'
$dataForView = [
	'article_current' => object(App\Model\Entity\Article) {

		'id' => (int) 35221,
		'title' => 'Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy',
		'subheading' => '',
		'description' => '<div align="justify">
-The Telegraph<br />
<br />
<em>New Delhi: </em>India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.<br />
<br />
&quot;The impact of the demonetisation and the GST is well behind us,&quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.<br />
<br />
The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.<br />
<br />
The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.<br />
<br />
&bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.<br />
<br />
&bull; The number fell short of a Reuters poll forecast of 6.4 per cent.<br />
<br />
&bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.<br />
<br />
The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.<br />
<br />
The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.<br />
<br />
&quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it's only in one quarter - the first quarter of this year - when it fell below 6 per cent,&quot; Jaitley said.<br />
<br />
&quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&quot; he added.<br />
<br />
The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.<br />
<br />
&quot;Today's GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&quot; tweeted BJP president Amit Shah.<br />
<br />
Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.<br />
<br />
&quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&quot; he said in a series of tweets.<br />
<br />
Chidambaram added: &quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&quot;<br />
<br />
Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.<br />
<br />
Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister's Economic Advisory Committee, said: &quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&quot;<br />
<br />
A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.<br />
<br />
Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.<br />
<br />
&quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&quot; said Pronab Sen, former chairman of the National Statistical Commission.<br />
<br />
Please <a href="https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260">click here</a> to read more. <br />
</div>',
		'credit_writer' => 'The Telegraph, 1 December, 2017, https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260',
		'article_img' => '',
		'article_img_thumb' => '',
		'status' => (int) 1,
		'show_on_home' => (int) 1,
		'lang' => 'EN',
		'category_id' => (int) 16,
		'tag_keyword' => '',
		'seo_url' => 'economy-all-clear-but-riders-remain-jayanta-roy-chowdhury-and-r-suryamurthy-4683328',
		'meta_title' => null,
		'meta_keywords' => null,
		'meta_description' => null,
		'noindex' => (int) 0,
		'publish_date' => object(Cake\I18n\FrozenDate) {},
		'most_visit_section_id' => null,
		'article_big_img' => null,
		'liveid' => (int) 4683328,
		'created' => object(Cake\I18n\FrozenTime) {},
		'modified' => object(Cake\I18n\FrozenTime) {},
		'edate' => '',
		'tags' => [
			[maximum depth reached]
		],
		'category' => object(App\Model\Entity\Category) {},
		'[new]' => false,
		'[accessible]' => [
			[maximum depth reached]
		],
		'[dirty]' => [[maximum depth reached]],
		'[original]' => [[maximum depth reached]],
		'[virtual]' => [[maximum depth reached]],
		'[hasErrors]' => false,
		'[errors]' => [[maximum depth reached]],
		'[invalid]' => [[maximum depth reached]],
		'[repository]' => 'Articles'
	
	},
	'articleid' => (int) 35221,
	'metaTitle' => 'LATEST NEWS UPDATES | Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy',
	'metaKeywords' => 'Gross Value Added (GVA),Goods and Services Tax,Goods and Services Tax (GST),GDP estimates,GDP growth,GDP growth rate,Economic Growth',
	'metaDesc' => '
-The Telegraph

New Delhi: India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.

&quot;The impact of the demonetisation and the GST is well behind us,&quot; finance minister Arun Jaitley said on...',
	'disp' => '<div align="justify">-The Telegraph<br /><br /><em>New Delhi: </em>India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.<br /><br />&quot;The impact of the demonetisation and the GST is well behind us,&quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.<br /><br />The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.<br /><br />The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.<br /><br />&bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.<br /><br />&bull; The number fell short of a Reuters poll forecast of 6.4 per cent.<br /><br />&bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.<br /><br />The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.<br /><br />The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.<br /><br />&quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it's only in one quarter - the first quarter of this year - when it fell below 6 per cent,&quot; Jaitley said.<br /><br />&quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&quot; he added.<br /><br />The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.<br /><br />&quot;Today's GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&quot; tweeted BJP president Amit Shah.<br /><br />Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.<br /><br />&quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&quot; he said in a series of tweets.<br /><br />Chidambaram added: &quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&quot;<br /><br />Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.<br /><br />Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister's Economic Advisory Committee, said: &quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&quot;<br /><br />A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.<br /><br />Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.<br /><br />&quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&quot; said Pronab Sen, former chairman of the National Statistical Commission.<br /><br />Please <a href="https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260" title="https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260">click here</a> to read more. <br /></div>',
	'lang' => 'English',
	'SITE_URL' => 'https://im4change.in/',
	'site_title' => 'im4change',
	'adminprix' => 'admin'
]
$article_current = object(App\Model\Entity\Article) {

	'id' => (int) 35221,
	'title' => 'Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy',
	'subheading' => '',
	'description' => '<div align="justify">
-The Telegraph<br />
<br />
<em>New Delhi: </em>India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.<br />
<br />
&quot;The impact of the demonetisation and the GST is well behind us,&quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.<br />
<br />
The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.<br />
<br />
The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.<br />
<br />
&bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.<br />
<br />
&bull; The number fell short of a Reuters poll forecast of 6.4 per cent.<br />
<br />
&bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.<br />
<br />
The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.<br />
<br />
The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.<br />
<br />
&quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it's only in one quarter - the first quarter of this year - when it fell below 6 per cent,&quot; Jaitley said.<br />
<br />
&quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&quot; he added.<br />
<br />
The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.<br />
<br />
&quot;Today's GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&quot; tweeted BJP president Amit Shah.<br />
<br />
Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.<br />
<br />
&quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&quot; he said in a series of tweets.<br />
<br />
Chidambaram added: &quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&quot;<br />
<br />
Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.<br />
<br />
Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister's Economic Advisory Committee, said: &quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&quot;<br />
<br />
A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.<br />
<br />
Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.<br />
<br />
&quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&quot; said Pronab Sen, former chairman of the National Statistical Commission.<br />
<br />
Please <a href="https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260">click here</a> to read more. <br />
</div>',
	'credit_writer' => 'The Telegraph, 1 December, 2017, https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260',
	'article_img' => '',
	'article_img_thumb' => '',
	'status' => (int) 1,
	'show_on_home' => (int) 1,
	'lang' => 'EN',
	'category_id' => (int) 16,
	'tag_keyword' => '',
	'seo_url' => 'economy-all-clear-but-riders-remain-jayanta-roy-chowdhury-and-r-suryamurthy-4683328',
	'meta_title' => null,
	'meta_keywords' => null,
	'meta_description' => null,
	'noindex' => (int) 0,
	'publish_date' => object(Cake\I18n\FrozenDate) {},
	'most_visit_section_id' => null,
	'article_big_img' => null,
	'liveid' => (int) 4683328,
	'created' => object(Cake\I18n\FrozenTime) {},
	'modified' => object(Cake\I18n\FrozenTime) {},
	'edate' => '',
	'tags' => [
		(int) 0 => object(Cake\ORM\Entity) {},
		(int) 1 => object(Cake\ORM\Entity) {},
		(int) 2 => object(Cake\ORM\Entity) {},
		(int) 3 => object(Cake\ORM\Entity) {},
		(int) 4 => object(Cake\ORM\Entity) {},
		(int) 5 => object(Cake\ORM\Entity) {},
		(int) 6 => object(Cake\ORM\Entity) {}
	],
	'category' => object(App\Model\Entity\Category) {},
	'[new]' => false,
	'[accessible]' => [
		'*' => true,
		'id' => false
	],
	'[dirty]' => [],
	'[original]' => [],
	'[virtual]' => [],
	'[hasErrors]' => false,
	'[errors]' => [],
	'[invalid]' => [],
	'[repository]' => 'Articles'

}
$articleid = (int) 35221
$metaTitle = 'LATEST NEWS UPDATES | Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy'
$metaKeywords = 'Gross Value Added (GVA),Goods and Services Tax,Goods and Services Tax (GST),GDP estimates,GDP growth,GDP growth rate,Economic Growth'
$metaDesc = '
-The Telegraph

New Delhi: India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.

&quot;The impact of the demonetisation and the GST is well behind us,&quot; finance minister Arun Jaitley said on...'
$disp = '<div align="justify">-The Telegraph<br /><br /><em>New Delhi: </em>India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30.<br /><br />&quot;The impact of the demonetisation and the GST is well behind us,&quot; finance minister Arun Jaitley said on Thursday after the numbers were announced.<br /><br />The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments.<br /><br />The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts.<br /><br />&bull; The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter.<br /><br />&bull; The number fell short of a Reuters poll forecast of 6.4 per cent.<br /><br />&bull; India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30.<br /><br />The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016.<br /><br />The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters.<br /><br />&quot;Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it's only in one quarter - the first quarter of this year - when it fell below 6 per cent,&quot; Jaitley said.<br /><br />&quot;Hopefully, growth in the coming quarter will be on an upward trajectory,&quot; he added.<br /><br />The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat.<br /><br />&quot;Today's GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government,&quot; tweeted BJP president Amit Shah.<br /><br />Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround.<br /><br />&quot;Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion,&quot; he said in a series of tweets.<br /><br />Chidambaram added: &quot;6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy.&quot;<br /><br />Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy.<br /><br />Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister's Economic Advisory Committee, said: &quot;There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST.&quot;<br /><br />A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year.<br /><br />Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year.<br /><br />&quot;We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal,&quot; said Pronab Sen, former chairman of the National Statistical Commission.<br /><br />Please <a href="https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260" title="https://www.telegraphindia.com/india/economy-all-clear-but-riders-remain-190260">click here</a> to read more. <br /></div>'
$lang = 'English'
$SITE_URL = 'https://im4change.in/'
$site_title = 'im4change'
$adminprix = 'admin'

include - APP/Template/Layout/printlayout.ctp, line 8
Cake\View\View::_evaluate() - CORE/src/View/View.php, line 1413
Cake\View\View::_render() - CORE/src/View/View.php, line 1374
Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
Cake\View\View::render() - CORE/src/View/View.php, line 885
Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51

Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy

-The Telegraph New Delhi: India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30. "The impact of the demonetisation and the GST is well behind us," finance minister Arun Jaitley said on Thursday after the numbers were announced. The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of wrecking what was once touted as the fastest growing economy in the world with his reckless experiments. The BJP is certain to view the data as a godsend before the Gujarat elections. But while the government and the party were chuffed by the second quarter growth, there was no escaping a few cold facts. • The growth rate was far lower than the 7.5 per cent growth in the year-ago quarter. • The number fell short of a Reuters poll forecast of 6.4 per cent. • India continues to trail China and the Philippines, which have notched up growth rates of 6.8 per cent and 6.9 per cent, respectively, in the quarter ended September 30. The strong showing in the second quarter was underpinned by the 7 per cent growth in the manufacturing sector that accounts for almost 18 per cent of the economy. It had grown by a piffling 1.2 per cent in the first quarter of this year. However, this was way below the 7.7 per cent manufacturing sector growth in July-September 2016. The Modi government drew strong comfort from the assessment that the economy had finally reversed the steady slide in the past five quarters. "Since May 2014 (when the Modi government assumed office), the economy has risen by more than 7 per cent in eight of the 13 quarters; it's only in one quarter - the first quarter of this year - when it fell below 6 per cent," Jaitley said. "Hopefully, growth in the coming quarter will be on an upward trajectory," he added. The growth figure gives the Modi government a chance to drum up talk about development ahead of the elections in Gujarat. "Today's GDP numbers reiterate the #IndiaUnstoppable story under PM Narendra Modi. The strong rebound in growth is a reflection of solid economic management by the Modi government," tweeted BJP president Amit Shah. Former finance minister P. Chidambaram, however, advised people not to be overjoyed about the turnaround. "Happy that the July-September quarter has registered a growth rate of 6.3 per cent. This is a PAUSE in the declining trend of the last five quarters. But we cannot say now whether this will mark an upward trend in the growth rate. We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion," he said in a series of tweets. Chidambaram added: "6.3 per cent is far below the promise of the Modi government and far below the potential of a well-managed Indian economy." Some economists believe that the Central Statistics Office (CSO), which released the figures, has not adequately captured the impact of demonetisation and GST on the informal sector that accounts for 26 per cent of the economy. Commenting on the strong growth in the second quarter in manufacturing, M. Govinda Rao, a former member of the Prime Minister's Economic Advisory Committee, said: "There is, however, a problem here. We are calculating manufacturing growth based on corporate results... this does not take into account the small and medium sector which suffered the most after demonetisation and the launch of GST." A couple of big worries remain. Farm sector growth tumbled to 1.7 per cent from 2.3 per cent in the previous quarter and 4.1 per cent in the same quarter last year. Construction continued to do badly, growing by 2.6 per cent in July-September 2017 compared with 4.3 per cent in the same period last year. "We have to remember that this is despite the fact that the government has front-loaded its spending on projects, forcing up our fiscal deficit to a high of 96.1 per cent of the Rs 546,532 crore target set for the full year. This means that private spending on construction has been very, very dismal," said Pronab Sen, former chairman of the National Statistical Commission. Please click here to read more.