Growth to pick up to 7.6% in second half of this fiscal: Crisil
The agency said "Gross value-added (GVA) growth, which measures the economy from the producer or supply side – and is supposed to be a better measure of economy activity – improved to 6.1% in Q2 from 5.6% in Q1, largely on account of revival in industrial activity."
The Crisil report said that the government’s Rs 2.11 lakh crore recapitalisation plan would improve banks’ ability to lend. Representational photo. Image source: Reuters