GDP Growth Slows To 7.1% Against 8.2% In Previous Quarter

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The remarks came after the official data released on Friday showed that the pace of India's Gross Domestic Product (GDP) growth slowed during the second quarter of 2018-19 to 7.1 per cent from 8.2 per cent in the first quarter. In the corresponding quarter a year ago, gross domestic product (GDP) had grown 6.3 per cent.

The rise in GVA figures is a healthy indication for the economy and data from the Central Statistical Office (CSO) indicated that manufacturing activities expanded at a rate of 7.4 per cent during the quarter as compared to 7.1 per cent in the corresponding quarter a year ago.

While the GDP growth was 7.7 percent in January-March quarter, it was at 7 per cent between October-December. Economists polled by Reuters had estimated Q2 GDP growth rate at 7.4%.

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NDTV is one of the leaders in the production and broadcasting of un-biased and comprehensive news and entertainment programmes in India and overseas. A majority of analysts had expected a slip from the surprisingly high growth figure of 8.2 per cent, achieved in the first quarter.

The growth in "Agriculture, Forestry and Fishing", "Mining and Quarrying", "Trade, Hotels, Transport, Communication and Services related to Broadcasting" and Financial, Real Estate and Professional Services is estimated to be 3.8%, -2.4%, 6.8%, and 6.3% respectively during this period.

The second quarter growth of 7.1 percent keeps India ahead of China, which had expanded at the rate of 6.5 percent in the July-September period this year.

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