CSO data shows India's GDP grew at five-quarter high of 7.2% in Q3, beats China with 6.8% growth rate

The growth in GDP during 2017-18 is estimated at 6.6 percent as compared to the growth rate of 7.1 percent in 2016-17, CSO added.

PTI February 28, 2018 19:04:13 IST
CSO data shows India's GDP grew at five-quarter high of 7.2% in Q3, beats China with 6.8% growth rate

New Delhi: The Indian economy grew at five quarter high of 7.2 percent in the October-December period reflecting overall recovery due to good show by agriculture, manufacturing, construction and certain services.

The economy is expected to grow at 6.6 percent in the current fiscal ending March 31, as per the second advanced estimates of the Central Statistics Office (CSO), compared to 7.1 percent in 2016-17. The earlier estimate was 6.5 percent.

CSO data shows Indias GDP grew at fivequarter high of 72 in Q3 beats China with 68 growth rate

Representational image. Reuters.

The growth for the second quarter (July-September) has been revised upwards to 6.5 percent, from 6.3 percent estimated earlier by the CSO.

The previous high was recorded at 7.5 percent in the July-September quarter of 2016-17.

The CSO said that the real GDP or Gross Domestic Product (GDP) at constant (2011-12) prices in 2017-18 is likely to be Rs 130.04 lakh crore, as against the first revised estimate for 2016-17 of Rs 121.96 lakh crore, released on January 31.

The growth in GDP during 2017-18 is estimated at 6.6 percent as compared to the growth rate of 7.1 percent in 2016-17, it added.

The gross valued added (GVA) for manufacturing in the quarter under review grew at 8.9 percent higher than 6.9 percent in the previous quarter.

Similarly, the farm sector GVA grew at 4.1 percent compared to 2.7 percent in the previous quarter. The construction sector recorded a growth of 6.8 percent, higher than 2.8 percent in previous quarter.

The services segment including financial services grew at rate of 6.7 percent up from 6.4 percent in previous quarter.

Updated Date:

also read

World Bank revises India's 2022-23 GDP growth forecast upward to 6.9% due to robust economic activities
India

World Bank revises India's 2022-23 GDP growth forecast upward to 6.9% due to robust economic activities

World Bank, in its October report, lowered India's 2022-23 growth rate from its June forecast, by 1 percentage point to 6.5 per cent. In the previous report, the international organisation had projected India's growth rate to be at 7.5 per cent for the period

'India's position as 5th leading economy testifies its rising prestige globally': UP CM Yogi Adityanath
India

'India's position as 5th leading economy testifies its rising prestige globally': UP CM Yogi Adityanath

Adityanath was addressing the inaugural ceremony of the 90th Founder's Week celebrations of Maharana Pratap Education Parishad in Gorakhpur

Economy climbed up one position under an economist PM in 10 yrs but became fifth largest under a chaiwala: PM Modi
India

Economy climbed up one position under an economist PM in 10 yrs but became fifth largest under a chaiwala: PM Modi

Addressing a rally in Rajkot in poll-bound Gujarat in support of BJP candidates, the prime minister compared his performance with former PM Manmohan Singh's tenure of ten years