India clocks 7.7 per cent GDP growth for Q4FY18

India's GDP continued its upward trend and grew to remain the fastest growing economy in the world beating China which is growing at a pace of 6.8 per cent.

For FY18, GDP grew by 6.7 per cent which is considered to be lowest amongst the 4 years of the NDA government. However, the quarterly growth showed significant improvement over the previous quarters.

In the current global scenario, where global trade is under dark clouds of protectionism and trade war, India’s performance amongst all these headwinds is satisfactory.

Even though the country faces twin shocks of demonetisation and GST implementation which changed the macro fundamental of the economy. However, the economy struggled to continue its growth in the current year.

Going forward, economists look bullish on the Indian economy's growth considering that robust auto sales growth and rising rural and urban consumption will aid better growth in the upcoming quarters. However, rising oil prices and depreciating rupee remain key risks to watchout for in the near term.