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India regains status of fastest-growing economy, GDP grows 7.2% in Oct-Dec

GDP expands 7.2% in Oct-Dec as dust settles over GST roll-out

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Gdp

Dilasha Seth & Ishan Bakshi  |  New Delhi 



GDP growth
GDP growth

Economic growth recovered to a five-quarter high of 7.2 per cent during October-December, backed by strong manufacturing and investment activity as the disruption caused by the goods and services tax (GST) bottomed out. The robust third-quarter performance led to a marginal upward revision in the second advance estimate for 2017-18 to 6.6 per cent from 6.5 per cent in the first estimate, though it was still lower than the 6.75 per cent projected by the Economic Survey.

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First Published: Thu, March 01 2018. 06:15 IST

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