published on November 30, 2017 - 12:47 PM
Written by Associated Press

(AP) — India’s economy grew 6.3 percent in the quarter ending in September from a year earlier, rebounding from 5.7 percent growth in the previous quarter, according to government statistics released Thursday.

The statistics showed strong growth in trade, hotels, transport and communication. Agriculture, forestry and fishing were relatively flat.

The GDP figures compared the three-month period with the same period the previous year.

India has recently undergone major economic changes.

Just over a year ago, the government removed 86 percent of the currency from circulation without warning in an effort to fight money laundering and tax evasion.

Demonetization, as it was called, was followed eight months later by another huge change. The nation of 1.3 billion people replaced its complex system of federal and state taxes with a single goods and services tax, or GST.


e-Newsletter Signup

Our weekly poll

How would you grade Fresno County's public health response to the coronavirus?

Loading ... Loading ...

Central Valley Biz Blogs

Popup
shares

3/5

Article views

remaining

Sign up icon

To continue website access to

TheBusinessJournal.com

please create a FREE account OR login here.

1/5

Article views

remaining

SKIP THE POP-UPS
For only $59 for one 1-year you will receive the Print edition along with EVERYTHING The Business Journal has to offer digitally, PLUS you will have unlimited 24- hour a day access to view articles at

TheBusinessJournal.com

Use Promo Code

*New Subscribers Only

Digital and Print

XX Days Remaining

until you can view 5 more free articles

Sign up icon

Want access? Subscribe now & save $20 OFF.

Use Promo Code

WEBSUB20

* NEW SUBSCRIBERS ONLY