Indian economy records 8.2% growth in first quarter of 2018-19

• The Indian economy grew at a 15-quarter high of 8.2% in the April-June quarter of current fiscal on the good show by manufacturing and farm sectors, according to government data released on Friday.

• The growth cemented India’s position as the fastest growing major economy, clocking higher expansion rate than China’s 6.7 in the same quarter.

• The gross domestic product (GDP) at constant (2011-12) prices in the first quarter of 2018-19 is estimated at ₹33.74 lakh crore, against ₹31.18 lakh crore in Q1 of 2017-18, showing a growth rate of 8.2%, a Central Statistics Office statement said.

• The quarterly GVA (Gross Value Added) at the basic price at constant (2011-2012) prices for Q1 of 2018-19 is estimated at ₹31.63 lakh crore, against ₹29.29 lakh crore in Q1 of 2017-18, showing a growth rate of 8% over the year-ago period.

• The previously high quarterly GDP growth was recorded in the July-September period in 2014-15 at 8.4%.

• As per the data, the quarterly GVA at basic prices for Q1 2018-19 from the ‘manufacturing’ sector grew by 13.5%, compared to the contraction of 1.8% in Q1 2017-18.

• The Quarterly GVA at basic prices for Q1 2018-19 from ‘agriculture, forestry and fishing’ sector grew by 5.3% as compared to growth of 3% in Q1 2017-18.

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