5.7% GDP growth in 1st quarter of current fiscal is matter of concern: Arun Jaitley

Finance Minster Arun Jaitley has said, the 5 point 7 percent GDP growth rate in first quarter of this fiscal is a matter of concern and it throws up challenge to the economy. He said the rate has come down predominantly due to pre- GST effect as manufacturers were focusing more on clearing the existing



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Talking to media in New Delhi, Mr. Jaitley said, the service sector and investment have improved in this quarter but down trend in manufacturing is essentially a GST impact. He said in the coming quarter, the government requires to work both in terms of policy and investment to improve the growth rate.