budget should be that the rural focus of the previous two budgets must continue there is also a need to prioritize certain rural schemes on an urgent basis the doubling of farm income must receive the thrust he said the mining sector also displayed strong signs of a turnaround rising an annual 55 in the three months to september compared with a decline of 07 in the previous quarter and contraction of 13 in the second quarter of 201617 while improving modestly construction stood out as the slowest growing of the industrial subsectors in the second quarter of fy2018 weak consumer sentiment led by factors such as the demonetisationled drag the full implementation of the rerad act from may 1 2017 and the implementation of the gst from july 1 2017 weighed upon the performance of the construction sector said aditi nayar principal economist at ratings agency icra madan sabnavis chief economist with care ratings pointed to the sluggishness in investment where gross fixed capital formation has fallen from 271 to 264 which he said was reflective of the absence of private investment in abig way quite clearly the government needs to fill the gap to keep the investment number ticking the real estateconstruction sector would also have to closely as watched as this segment has been affected by a combination of reforms including demonetization rera gst which hopefully is temporary a recovery in this segment will help substantially he said india inc termed the growth rebound as a great confidence booster some economists sounded caution administrative issues related to tax refunds under gst and repeated changes being made to the structuretax rates continue to lead to uncertainty for businesses and may weigh on growth in the road ahead particularly for small scale units that would have negative implications for employment ratings agency crisil said in notewatch gdp growth impact of demonetisation gst behind us says fm arun jaitley