Business

GPD Growth Accelerates 8.2% In April-June Quarter, Highest In 15 Quarters

Manufacturing, electricity, gas, water supply construction, public administration, defence registered growth of over 7 per cent.

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GPD Growth Accelerates 8.2% In April-June Quarter, Highest In 15 Quarters
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In the first quarter of 2018-19 India's GDP growth rate accelerated to 8.2 per cent because of upward growth in manufacturing activity. This is 15-quarter high in current fiscal, a official statement said on Friday. 

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, confirms the Central Statistics Office (CSO).

 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.

(With inputs from PTI)

The Indian economy grew at 15-quarter high of 8.2 per cent in the April-June quarter of current fisca