New Delhi: Relief news is coming for the Government of India. India's gross domestic product (GDP) growth rate figures have improved. The country's economic growth rate has increased to 4.7 percent in the third quarter of the current financial year. Earlier, the country's economic growth rate was 4.5 percent in the second quarter. According to the data released on Friday by the Ministry of Statistics and Program Implementation, the GDP growth rate in the third quarter of the current financial year 2019-20 has increased to 4.7 percent from the previous quarter.

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The Modi government had taken many important decisions for the last few months to give a boost to the country's lazy economy. This included major decisions like promoting investment and cutting the corporate tax. Not only this, but Union Finance Minister Nirmala Sitharaman had also claimed that the impact of these decisions will be seen gradually. GDP growth rate was 5.6 percent in the third quarter of FY 2018-19. Several financial agencies had predicted the growth rate to fall to 4 percent in the third quarter.

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In the April-December period of the current financial year, the Indian economy grew at a pace of 5.1 percent, compared to 6.3 percent for the same period of the previous financial year. According to the latest report, the agricultural growth rate increased from 2 percent to 3.5 percent, the growth rate in the mining sector increased from -4.4 percent to 3.2 percent, manufacturing sector growth fell from 5.2 percent to 0.2 percent, and the construction sector growth fell from 6.6 percent to 0.3.7. Has reached the percentage

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