GPD Growth Accelerates 8.2% In April-June Quarter, Highest In 15 Quarters

Manufacturing, electricity, gas, water supply construction, public administration, defence registered growth of over 7 per cent.

Outlook Web Bureau
The growth in the 'agriculture, forestry and fishing', 'mining and quarrying', 'trade, hotels is estimated to be 5.3 per cent, 0.1 per cent, 6.7 per cent, and 6.5 per cent respectively during this period.
GPD Growth Accelerates 8.2% In April-June Quarter, Highest In 15 Quarters
outlookindia.com
2018-08-31T18:41:09+0530

In the first quarter of 2018-19 India's GDP growth rate accelerated to 8.2 per cent because of upward growth in manufacturing activity. This is 15-quarter high in current fiscal, a official statement said on Friday. 

The GDP at 2011-12 prices in the first quarter (Q1) of 2018-19 registered growth rate of 8.2 per cent, up from 7.7 per cent reported for Q4 of 2017-18, confirms the Central Statistics Office (CSO).

 According to statement, the quarterly GVA (Gross Value Added) at basic price at constant (2011-2012) prices for Q1 of 2018-19 is estimated at Rs 31.63 lakh crore, as against Rs 29.29 lakh crore in Q1 of 2017-18, showing a growth rate of 8 per cent over the year-ago period.

The previous high quarterly GDP growth was recorded in July-September period in 2014-15 at 8.4 per cent.

As per the data, the quarterly GVA at basic prices for Q1 2018-19 from ‘manufacturing’ sector grew by 13.5 per cent as compared to contraction of 1.8 per cent in Q1 2017-18.

The Quarterly GVA at basic prices for Q1 2018-19 from ‘agriculture, forestry and fishing’ sector grew by 5.3 percent as compared to growth of 3 percent in Q1 2017-18.

 

(With inputs from PTI)

The Indian economy grew at 15-quarter high of 8.2 per cent in the April-June quarter of current fisca

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