Business Standard

India's Q3FY18 GDP growth rises to five-quarter high of 7.2%

The economy is expected to grow at 6.6% in the current fiscal ending March 31, as per the second advanced estimates of the CSO, compared to 7.1% in 2016-17

India's market cap to GDP nears 100%
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Agencies New Delhi

"All three sectors - agriculture, industry and services - have accelerated in the third quarter. "Importantly GST disruption is seen waning as borne out by manufacturing sector growth at 8.1% in October-December vs 6.2% in July-September. Construction, government services and agriculture have led the growth in the December quarter. Broadly, the numbers are in line with our estimation for full year GDP at 6.7%. We have added the risk of a rate hike sometime between June to August 2018 following the recent monetary policy minutes, hinging on the inflation trajectory, and the GDP numbers reinstate our views," said Shubhada Rao, chief
Topics : GDP growth

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First Published: Feb 28 2018 | 6:13 PM IST

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