The share of Indian economy in world (measured as a ratio of India’s GDP to world’s GDP at current US$) increased from 2.6 percent  to 3.2 percent in in last 4 years (as per World Development Indicators database). The average share of Indian economy in world during 1960 to 2013 was 1.8 percent. The average growth of the Indian economy during 2014-15 to 2017-18 was 7.3 per cent, fastest among the major economies in the world.

Indian economy is projected to be the fastest growing major economy in 2018-19 and 2019-20 (International Monetary Fund October 2018 database). This is borne by GDP growth of 7.6 per cent in the first half of 2018-19.

The Second Quarter has seen a reasonable overall GDP growth of 7.1%.  The H-1 2018-19 growth of the GDP is 7.6% and the H-1 GVA growth is 7.4%.  The Growth in the Second Quarter is on higher base compared to the growth of the First Quarter.

The Manufacturing Growth on a base of 7.1% in Q2 2017-18 has been 7.4% in Q2 of 2018-19.  The Construction Sector has grown by 7.8%.  The Gross Fixed Capital Formation as a ratio of GDP has increased by almost 1.3 percentage points over Q2 of last year.  The Exports for Q-2 have grown by 13.4%.  The Government consumption for the Quarter has also significantly increased by 12.7%.