India's GDP growth slows to 7.1% in Q1FY2017

GVA rises at nearly steady pace of 7.3% in Q1FY2017

India's Gross Domestic Product (GDP) growth at constant (2011-12) prices slowed down to 7.1% in Q1 of FY2017, as against 7.9% in the preceding last quarter and 7.5% increase in the corresponding quarter last year. Quarterly GVA at Basic Price at constant (2011-2012) prices rose 7.3% in Q1 of FY2017 compared with 7.4% growth in the preceding last quarter and 7.2% growth in the corresponding quarter of previous year.

The economic activities which registered growth of over 7% in Q1 of FY2017 over Q1 of 2015-16 are 'manufacturing', 'electricity, gas, water supply & other utility services', 'trade, hotels, transport & communication and services related to broadcasting', 'financial, insurance, real estate and professional services' and 'public administration, defence and other services'.

The growth in the 'agriculture, forestry and fishing', 'mining and quarrying', and 'construction' is estimated to be 1.8%, (-) 0.4%, and 1.5%, respectively in Q1 of FY2017.

Powered by Capital Market - Live News