Business Standard

Government revises FY18 GDP growth to 7.2% from 6.7% earlier

The CSO has also released the Second Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for 2016-17

Workers at the old chocolate plant
Premium

Workers at the old chocolate plant

Press Trust of India New Delhi
The government Thursday revised the economic growth rate upwards to 7.2 per cent for 2017-18 from the 6.7 per cent estimated earlier, mainly driven by performance of farm sector.

"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 (from earlier estimate of 7.1 per cent)," the CSO said.

For the current fiscal, in May, the CSO in its advance estimate had projected a growth rate of 7.2 per cent.

The 2017-18 growth is lowest

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 31 2019 | 5:38 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com