Breaking News

GDP growth rate for 2017-18 revised upwards to 7.2%

NEW DELHI: The govt on Thursday revised the industrial growth charge upwards to 7.2 according to cent for 2017-18 from the 6.7 according to cent estimated earlier.

"Real GDP or GDP at constant (2011-12) prices for 2017-18 and 2016-17 stand at Rs 131.80 lakh crore and Rs 122.98 lakh crore, respectively, showing growth of 7.2 per cent during 2017-18 and 8.2 per cent during 2016-17," the CSO mentioned.

Earlier, the CSO in its advance estimate had pegged the GDP growth charge for 2018-19 at 7.2 according to cent.

"The First Revised Estimates for 2017-18 have been compiled using industry-wise/institution-wise detailed information instead of using the benchmark-indicator method employed at the time of release of Provisional Estimates on 31st May, 2018," mentioned the Central Statistics Office (CSO).

The CSO has additionally launched the second revised estimates of National Income, Consumption Expenditure, Saving and Capital Formation for 2016-17.

During 2017-18, the expansion rates of number one (comprising agriculture, forestry, fishing and mining and quarrying), secondary (comprising manufacturing, electrical energy, gasoline, water provide and different software services and products, and development) and tertiary (services and products) sectors have been estimated as 5 according to cent, 6 according to cent and eight.1 according to cent as against a growth of 6.8 according to cent, 7.5 according to cent and eight.4 according to cent, respectively, in the previous yr.

No comments