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Indian economy grows at 8.2 pc in Q1

By The Assam Tribune
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NEW DELHI, Aug 31 - The Indian economy grew at 15-quarter high of 8.2 per cent in the April-June quarter of current fiscal on good show by manufacturing and farm sectors, according to the government data released today.

The growth cemented India�s position as the fastest growing major economy, clocking higher expansion rate than China�s 6.7 in the same quarter.

The gross domestic product (GDP) at constant (2011-12) prices in the first quarter of 2018-19 is estimated at Rs 33.74 lakh crore, as against Rs 31.18 lakh crore in Q1 of 2017-18, showing a growth rate of 8.2 per cent, a Central Statistics Office statement said.

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. � PTI

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Indian economy grows at 8.2 pc in Q1

NEW DELHI, Aug 31 - The Indian economy grew at 15-quarter high of 8.2 per cent in the April-June quarter of current fiscal on good show by manufacturing and farm sectors, according to the government data released today.

The growth cemented India�s position as the fastest growing major economy, clocking higher expansion rate than China�s 6.7 in the same quarter.

The gross domestic product (GDP) at constant (2011-12) prices in the first quarter of 2018-19 is estimated at Rs 33.74 lakh crore, as against Rs 31.18 lakh crore in Q1 of 2017-18, showing a growth rate of 8.2 per cent, a Central Statistics Office statement said.

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. � PTI

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