Economy may have grown by 7.1-7.5 per cent in March quarter


Economy may have grown by 7.1-7.5 per cent in March quarter

The Central Statistics Office (CSO) will be releasing growth estimates for Q4 and 2017-18 next week on May 31.

New Delhi: India’s economy may have expanded by 7.1-7.5% in the January-March quarter – driven by manufacturing and construction – compared with 7.2% in the third quarter, independent experts said ahead of the release of official data next week.

The Central Statistics Office will put out the growth estimates for the fourth quarter and for 2017-18 on May 31. It pegged FY18 GDP growth at 6.6%, which would suggest growth of 7.1% in the last quarter. The economy expanded 7.1% in FY17. India’s industrial output expanded 4.3% in FY18, with manufacturing growing 4.5%, according to the Index of Industrial Production (IIP). The IIP is a quantity-based measure while GDP is assessed on value added, which means that manufacturing GDP growth can be higher than that measured by IIP. Read More..

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