GDP grows at 8.2 per cent
An upswing in manufacturing activity accelerated India’s GDP growth...
An upswing in manufacturing activity accelerated India’s GDP growth rate for the first quarter of 2018-19 to 8.2 per cent, official data has shown.
According to the Central Statistics Office (CSO), 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. “The economic activities which registered growth of over 7 percent in Q1 of 2018-19 over Q1 of 2017-18 are manufacturing, electricity, gas, water supply and other utility services, construction and public administration, defence and other services,” a statement by Ministry of Statistics and Programme Implementation has said. “The growth in the agriculture, forestry and fishing, mining and quarrying, trade, hotels, transport, communication and services related to broadcasting and financial, real estate and professional services 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.”