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India's GDP growth slows to 7.1 pct in first quarter

India's GDP growth slows to 7.1 pct in first quarter

India Blooms News Service | | 31 Aug 2016, 07:02 pm
New Delhi, Aug 31 (IBNS): India's gross domestic product (GDP) slowed down to touch 7.1 per cent in the first quarter of the fiscal, government data released on Wednesday said.

The  Central Statistics Office (CSO), Ministry of  Statistics and   Programme  Implementation has released the estimates of Gross Domestic Product(GDP) for the first quarter (April-June) Q1, of 2016-17, both at constant (2011-12) and current prices, along with the corresponding quarterly estimates of expenditure components of the GDP.

The GDP stood at  7.5 per cent in the like period of 2015-16

The gross value added (GVA) stood at 7.3 percent in 2016-17 quarter in comparison to 7.2 per cent in the previous year.