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India to regain growth momentum in Q3, says minister Piyush Goyal
Hindustan Times Chandigarh
|December 13, 2024
India's economy will regain its higher growth momentum in the third quarter and achieve the estimated growth rate to remain the world's fastest growing economy in 2024-25, commerce and industry minister Piyush Goyal said on Thursday.
NEW DELHI:
Asked whether the Q2 GDP numbers worried him at the India Economic Conclave organised by the Times Network, the minister said: "Well, I think, governments don't run 'quarter se quarter tak' [from one quarter to another]," and added that the blip was due to the "lag effect" of elections in the first quarter, which is now passé. He said during the election, policy making and implementations of projects slowed and there was a lag effect. But, "the initial numbers for this quarter, the 3rd quarter show a pick-up", he added.
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