India's GDP growth drops to 7 per cent from 7.5 in previous quarter

According to the Gross Domestic Product (GDP) estimates statement released by the government on Monday, India's economic growth dipped to 7 percent in the three months through June from 7.5 percent in the previous quarter.

GDP at constant (2011-12) prices in Q1 of 2015-16 is estimated at '27.13 lakh crore, as against '25.35lakh crore in Q1 of 2014-15, showing a growth rate of 7.0 percent.

Quarterly GVA at Basic Price at constant (2011-2012) prices for Q1 of 2015-16 is estimated at '25.80 lakh crore, as against '24.10 lakh crore in Q1 of 2014-15, showing a growth rate of 7.1 per cent over the corresponding quarter of previous year.