India recorded its<a href="http://www.wionews.com/india-news/indias-gdp-reaches-two-year-high-at-an-impressive-82-162739"> second quarter(Q2) GDP at</a> 7.1 per cent which was slower than the last quarter.

The latest figures show it was up from 6.3 per cent a year ago, however it was slower than the first quarter which recorded 8.2 per cent growth.

The growth rate of eight infrastructure sectors slowed down to 4.8 per cent in October due to contraction in the production of crude oil, natural gas and fertiliser. 
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Eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 5 per cent in October 2017.

Fertiliser production dropped sharply by 11.5 per cent, crude oil by 5 per cent and natural gas by 0.9 per cent in October over the year-ago month, according to the data released by the commerce and industry ministry on Friday.&nbsp;

The production of coal, cement and electricity, on the other hand, expanded in the month under review. 
&nbsp; 
During April-October 2018-19, the eight sectors recorded a growth rate of 5.4 per cent against 3.5 per cent in the same period last year.&nbsp;

The combined index of eight core industries stood at 134.8 in October 2018, which was 4.8 per cent higher as compared to the index of October 2017. The cumulative growth during April to October 2018-19 was 5.4 per cent.

India's $2.6 trillion economy, Asia's third largest, grew 6.3 per cent in the July-September quarter of 2017, the data released by the statistics ministry showed.

India had recored 7.9 per cent mark in the fourth quarter FY16, this time, however, it was lower than expected.

India recorded its second quarter(Q2) GDP at 7.1 per cent which was slower than the last quarter. The latest figures show it was up from 6.3 per cent a year ago, however it was slower than the first quarter which recorded 8.

India recorded its second quarter(Q2) GDP at 7.1 per cent which was slower than the last quarter. The latest figures show it was up from 6.3 per cent a year ago, however it was slower than the first quarter which recorded 8.2 per cent growth. The growth rate of eight infrastructure sectors slowed down to 4.8 per cent in October due to contraction in the production of crude oil, natural gas and fertiliser. Eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had grown by 5 per cent in October 2017. Fertiliser production dropped sharply by 11.5 per cent, crude oil by 5 per cent and natural gas by 0.9 per cent in October over the year-ago month, according to the data released by the commerce and industry ministry on Friday. The production of coal, cement and electricity, on the other hand, expanded in the month under review. During April-October 2018-19, the eight sectors recorded a growth rate of 5.4 per cent against 3.5 per cent in the same period last year. The combined index of eight core industries stood at 134.8 in October 2018, which was 4.8 per cent higher as compared to the index of October 2017. The cumulative growth during April to October 2018-19 was 5.4 per cent. India's $2.6 trillion economy, Asia's third largest, grew 6.3 per cent in the July-September quarter of 2017, the data released by the statistics ministry showed. India had recored 7.9 per cent mark in the fourth quarter FY16, this time, however, it was lower than expected.

India's second quarter GDP slips to 7.1 per cent

Japan&#39;s economy grew in the second quarter at the fastest pace in more than two years as consumer spending and capital expenditure both rose at the fastest in more than three years, highlighting stronger domestic demand.

Gross domestic product expanded an annualised 4.0 per cent in April-June, government data showed, more than the median estimate for 2.5 per cent annualised growth and the biggest increase since January-March 2015.

Compared to the previous quarter, the economy expanded 1.0 per cent, versus the median estimate for 0.6 per cent growth.

Annualised GDP for the previous quarter was revised to a 1.5 per cent increase, while quarterly real (inflation adjusted) GDP was revised up to 0.4 per cent growth from a 0.3 per cent increase.

Economic growth is expected to continue in coming quarters, offering the Bank of Japan (BOJ) the hope that a tight labour market is finally starting to boost consumer spending, which in turn makes it easier to generate sustained inflation.

&quot;The engines of consumer spending and capital expenditure both fired well in the second quarter, and that&#39;s why domestic demand was so strong,&quot; said Hidenobu Tokuda, senior economist at Mizuho Research Institute.

&quot;The pace of growth may moderate slightly, but we are still in recovery mode. This is a positive development for inflation.&quot;

The economy grew for six straight quarters in April-June. The last time the economy had a run of six consecutive quarters of growth was January-March 2005 through April-June 2006.

Private consumption, which accounts for about two-thirds of GDP, rose 0.9 per cent from the previous quarter, more than the median estimate of 0.5 per cent growth.

That marked the fastest expansion in more than three years as shoppers splashed out on durable goods such as cars and home appliances. Consumers also spent more money on dining out, the data showed. These are all encouraging sign that consumer spending is no longer the weak spot in Japan&#39;s economic outlook.

Capital expenditure jumped by 2.4 per cent in April-June from the previous quarter, doubling the median estimate for a 1.2 per cent increase. That was the fastest growth in business investment since January-March 2014 as companies spent more on software and construction equipment.

Japanese Economy Minister Toshimitsu Motegi was more cautious on the outlook for domestic demand and pledged to implement more policies to strengthen the economy.

&quot;If you ask me whether private consumption has fully recovered, I would say it still lacks strength in some areas, which will need to be followed with policy,&quot; Motegi told reporters.

&quot;We&#39;ll make sure that the domestic demand-led recovery continues. What is needed is supply-side reform. We&#39;ll focus our efforts on human resource investment, improvement in productivity, and new growth strategies.&quot;

While growth was faster than expected, it is not expected to nudge the Bank of Japan into dismantling its massive stimulus programme anytime soon, as inflation remains stubbornly weak.

External demand subtracted 0.3 percentage point from GDP growth in April-June in part due to an increase in imports. This is notable because Japan usually relies on exports to drive growth.

Since launching quantitative easing in April 2013, the BOJ has pushed back the timing for reaching its 2 per cent inflation target six times in part due to weak consumer spending.

The GDP data for April-June show private consumption is finally starting to move in the direction that the BOJ and other government ministers have long predicted.

Compared to the previous quarter, the economy expanded 1.0 per cent, versus the median estimate for 0.6 per cent growth

Japan's economy grew in the second quarter at the fastest pace in more than two years as consumer spending and capital expenditure both rose at the fastest in more than three years, highlighting stronger domestic demand. Gross domestic product expanded an annualised 4.0 per cent in April-June, government data showed, more than the median estimate for 2.5 per cent annualised growth and the biggest increase since January-March 2015. Compared to the previous quarter, the economy expanded 1.0 per cent, versus the median estimate for 0.6 per cent growth. Annualised GDP for the previous quarter was revised to a 1.5 per cent increase, while quarterly real (inflation adjusted) GDP was revised up to 0.4 per cent growth from a 0.3 per cent increase. Economic growth is expected to continue in coming quarters, offering the Bank of Japan (BOJ) the hope that a tight labour market is finally starting to boost consumer spending, which in turn makes it easier to generate sustained inflation. "The engines of consumer spending and capital expenditure both fired well in the second quarter, and that's why domestic demand was so strong," said Hidenobu Tokuda, senior economist at Mizuho Research Institute. "The pace of growth may moderate slightly, but we are still in recovery mode. This is a positive development for inflation." The economy grew for six straight quarters in April-June. The last time the economy had a run of six consecutive quarters of growth was January-March 2005 through April-June 2006. Private consumption, which accounts for about two-thirds of GDP, rose 0.9 per cent from the previous quarter, more than the median estimate of 0.5 per cent growth. That marked the fastest expansion in more than three years as shoppers splashed out on durable goods such as cars and home appliances. Consumers also spent more money on dining out, the data showed. These are all encouraging sign that consumer spending is no longer the weak spot in Japan's economic outlook. Capital expenditure jumped by 2.4 per cent in April-June from the previous quarter, doubling the median estimate for a 1.2 per cent increase. That was the fastest growth in business investment since January-March 2014 as companies spent more on software and construction equipment. Japanese Economy Minister Toshimitsu Motegi was more cautious on the outlook for domestic demand and pledged to implement more policies to strengthen the economy. "If you ask me whether private consumption has fully recovered, I would say it still lacks strength in some areas, which will need to be followed with policy," Motegi told reporters. "We'll make sure that the domestic demand-led recovery continues. What is needed is supply-side reform. We'll focus our efforts on human resource investment, improvement in productivity, and new growth strategies." While growth was faster than expected, it is not expected to nudge the Bank of Japan into dismantling its massive stimulus programme anytime soon, as inflation remains stubbornly weak. External demand subtracted 0.3 percentage point from GDP growth in April-June in part due to an increase in imports. This is notable because Japan usually relies on exports to drive growth. Since launching quantitative easing in April 2013, the BOJ has pushed back the timing for reaching its 2 per cent inflation target six times in part due to weak consumer spending. The GDP data for April-June show private consumption is finally starting to move in the direction that the BOJ and other government ministers have long predicted.

Japan Q2 GDP blows past expectations on robust domestic demand

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India's second quarter GDP slips to 7.1 per cent

Japan Q2 GDP blows past expectations on robust domestic demand