Consumption expenditure has been the major driver, accounting for nearly sixty per cent of the total GDP growth between 2012-13 and 2015-16.
This contribution increased to over 95% in 2016-17, which is attributed to higher growth of both Private Final Consumption Expenditure (PFCE) and Government Final Consumption Expenditure (GFCE), particularly the latter.
Growth of GFCE was nearly 21% in 2016-17, against an average growth of 3.5% during 2012-13 to 2015-16.
Investment Rate
Despite the fact that Indian economy has registered a fairly robust growth in the 4 years between 2014-15 and 2017-18, story on savings and ....
