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GDP growth to be more robust in next fiscal: NITI Aayog VC Rajiv Kumar

GDP was 7.1% in 2016-17 and 8% in the preceding year. It was 7.5% in 2014-15

Press Trust of India  |  New Delhi 

NITI Aayog Vice Chairperson Rajiv Kumar
NITI Aayog Vice Chairperson Rajiv Kumar

Aayog on Friday said India's economic activity has been picking up for the last three quarters and the country's growth will become more robust in 2018-19.

Kumar was reacting to the growth estimates of 2017-18 released by the (CSO) on Friday.

"The second half growth in 2017-18 has risen to 7 per cent, bringing the annual growth rate to 6.5 per cent...growth will become more robust in 2018-19," he said.

The Aayog pointed out that economic activity has been picking up over the last three quarters and can be expected to strengthen in the coming period with the manufacturing PMI now reading at a five-year high and FMCG demand going up.

He added that estimates assume significance in the wake of the fact that the higher second half growth has come despite a weaning of public sector expenditures which had peaked in 2016-17 on account of the implementation of the recommendations of the

According to CSO data, is expected to slow to a four-year low of 6.5 per cent in 2017-18, mainly due to poor performance of agriculture and

The Gross Domestic Product (GDP) was 7.1 per cent in 2016-17 and 8 per cent in the preceding year. It was 7.5 per cent in 2014-15.

First Published: Fri, January 05 2018. 23:10 IST
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