India’s GDP grew 8.2% in Q1, Highest in Modi’s 4 year term

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New Delhi : Beating all expectations, India’s GDP growth for the first quarter of the financial year 2018-19 was recorded highest ever in the Narendra Modi-era by hitting 8.2%, government data shows . In the last quarter, India had clocked 7.7% GDP growth rate.

“GDP at constant (2011-12) prices in Q1 of 2018-19 is estimated at `33.74 lakh crore, as against `31.18 lakh crore in Q1 of 2017-18, showing a growth rate of 8.2 percent.  Quarterly GVA at basic price at constant (2011-2012) prices for Q1 of 2018-19 is estimated at `31.63 lakh crore, as against `29.29 lakh crore in Q1 of 2017-18, showing a growth rate of 8.0 percent over the corresponding quarter of previous year. 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 & other utility services’‘ construction’ and ‘public administration, defence and other services’. 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 percent, 0.1 percent, 6.7 percent, and 6.5 percent respectively during this period” the report released by  the Ministry of Statistics & Programme Implementation said.

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