GDP grows 7.7% in Q4; India retains world's fastest growing economy tag

At 7.7%, it is a seven-quarter high; full-year growth falls to 6.7%

Backed by government spending and investment, the economy grew at a seven-quarter high of 7.7 per cent in January-March. But this did not prevent GDP growth, at 6.7 per cent in 2017-18, from falling to its lowest rate in four years of the Narendra Modi government.

The fourth-quarter growth rate prompted the finance ministry to say the economy would clock 7.5 per cent growth in 2018-19, the upper range of growth projected by the Economic Survey. 

The growth rate for 2017-18 was higher than the government's first and second advance estimates — at 6.5 per cent and 6.6 per cent — and