INDIAN ECONOMIC GROWTH

India GDP growth data: Economy poised to pick up as effect of GST, demonetisation fades, polls say

GDP data will be released after market hours on Thursday.

India’s economic growth is likely to have picked up pace in the three months ending September, after five quarters of slowdown, as the impact of the Goods and Services Tax and demonetisation on the economy reduces, reports said.

India’s gross domestic product, or GDP, growth estimates data will be released after market hours on Thursday. Several polls have forecast better economic growth.

GDP is one of the primary indicators of the health of an economy, and is the value of all goods and services produced over a specific period. The data could help the Narendra Modi administration, which has been facing criticism over the hasty launch of Goods and Services Tax in July that hit millions of small businesses due to complex rules and technical glitches, Reuters reported.

But this quarter could be different.

According to a Reuters poll of analysts, India’s GDP is likely to have grown 6.4% from the July-September quarter a year ago, and from 5.7% in the preceding quarter. Bloomberg has also forecast a GDP growth of 6.4% in the quarter, based on the median estimate of 46 economists it polled.

Rabobank, which correctly predicted the June quarter’s 5.7% number, said GDP will grow by 5.9%, while Wells Fargo predicted 7.1%, Mint reported. ETNow’s Economy Indicator has predicted growth of 6.5%.

India’s gross value added growth, another measure of economic growth that strips out impact of indirect taxes and subsidies, in the quarter-ended September is also likely to grow at 6.2% from a three-year low of 5.6% in the previous quarter, the Bloomberg poll said.

Factors influencing growth

A rise in industrial production and exports, and major festivals, would have boosted consumer demand, Mint reported. The growth is also likely to have been aided by big companies that adjusted to the changes after GST. Prominent Indian firms saw their best profit growth in the last six quarters, in July-September, according to Thomson Reuters data.

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Following a mountaineer as he reaches the summit of Mount Everest

Accounts from Vikas Dimri’s second attempt reveal the immense fortitude and strength needed to summit the Everest.

Vikas Dimri made a huge attempt last year to climb the Mount Everest. Fate had other plans. Thwarted by unfavourable weather at the last minute, he came so close and yet not close enough to say he was at the top. But that did not deter him. Vikas is back on the Everest trail now, and this time he’s sharing his experiences at every leg of the journey.

The Everest journey began from the Lukla airport, known for its dicey landing conditions. It reminded him of the failed expedition, but he still moved on to Namche Bazaar - the staging point for Everest expeditions - with a positive mind. Vikas let the wisdom of the mountains guide him as he battled doubt and memories of the previous expedition. In his words, the Everest taught him that, “To conquer our personal Everest, we need to drop all our unnecessary baggage, be it physical or mental or even emotional”.

Vikas used a ‘descent for ascent’ approach to acclimatise. In this approach, mountaineers gain altitude during the day, but descend to catch some sleep. Acclimatising to such high altitudes is crucial as the lack of adequate oxygen can cause dizziness, nausea, headache and even muscle death. As Vikas prepared to scale the riskiest part of the climb - the unstable and continuously melting Khumbhu ice fall - he pondered over his journey so far.

His brother’s diagnosis of a heart condition in his youth was a wakeup call for the rather sedentary Vikas, and that is when he started focusing on his health more. For the first time in his life, he began to appreciate the power of nutrition and experimented with different diets and supplements for their health benefits. His quest for better health also motivated him to take up hiking, marathon running, squash and, eventually, a summit of the Everest.

Back in the Himalayas, after a string of sleepless nights, Vikas and his team ascended to Camp 2 (6,500m) as planned, and then descended to Base Camp for the basic luxuries - hot shower, hot lunch and essential supplements. Back up at Camp 2, the weather played spoiler again as a jet stream - a fast-flowing, narrow air current - moved right over the mountain. Wisdom from the mountains helped Vikas maintain perspective as they were required to descend 15km to Pheriche Valley. He accepted that “strength lies not merely in chasing the big dream, but also in...accepting that things could go wrong.”

At Camp 4 (8,000m), famously known as the death zone, Vikas caught a clear glimpse of the summit – his dream standing rather tall in front of him.

It was the 18th of May 2018 and Vikas finally reached the top. The top of his Everest…the top of Mount Everest!

Watch the video below to see actual moments from Vikas’ climb.

Play

Vikas credits his strength to dedication, exercise and a healthy diet. He credits dietary supplements for helping him sustain himself in the inhuman conditions on Mount Everest. On heights like these where the oxygen supply drops to 1/3rd the levels on the ground, the body requires 3 times the regular blood volume to pump the requisite amount of oxygen. He, thus, doesn’t embark on an expedition without double checking his supplements and uses Livogen as an aid to maintain adequate amounts of iron in his blood.

Livogen is proud to have supported Vikas Dimri on his ambitious quest and salutes his spirit. To read more about the benefits of iron, see here. To read Vikas Dimri’s account of his expedition, click here.

This article was produced by the Scroll marketing team on behalf of Livogen and not by the Scroll editorial team.