Indian economy grows 8.2% in Q1, highest in 15 quarters

Economy

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The Indian economy grew at 15-quarter high of 8.2% in the April-June quarter of the current fiscal on good show by manufacturing and farm sectors, according to the government data released on Friday.

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

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%, a Central Statistics Office statement said.

For the first three months of 2018, India reported a 7.7% annual growth. The world’s second-largest economy, China, reported a 6.7% growth for the June quarter compared with 6.8% in March quarter.

India’s $2.597 trillion economy surpassed France’s in 2017 to be the world’s sixth largest, and it was not far before the United Kingdom, according to World Bank data.

Written by Anik

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