GDP growth slows to 3-quarter low of 7.1 pc in Q2

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NEW DELHI: India's economy grew at 7.1 per cent in July-September, lowest in three quarters, but still, India remained ahead of China to retain the tag of the world's fastest-growing major economy.

 

According to government data released on Friday, the Gross Domestic Product (GDP) at constant prices (2011-12) had grown at 6.3 per cent in the July-September quarter of the last fiscal.

As per a statement of the Central Statistics Office (CSO), the size of the GDP in the second quarter of 2018-19 is estimated at Rs 33.98 lakh crore as against Rs 31.72 lakh crore a year ago, showing a growth rate of 7.1 per cent.

The Indian economy grew at 8.2 per cent in the April-June quarter of this fiscal, 7.7 per cent in January-March quarter while it was at 7 per cent in October-December.

India's GVA (gross value added) at Constant (2011-2012) Prices for the second quarter this fiscal is estimated at Rs 31.40 lakh crore, as against Rs 29.38 lakh crore year ago, showing a growth rate of 6.9 per cent over the corresponding quarter of previous year.

 With inputs from PTI

 

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