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India’s GDP growth rate for Q2 touches 7.1 percent
New Delhi, Nov 30 (IBNS): India's economy grew at 7.1 percent in the July-September quarter of current fiscal, government data released on Friday said.
It is down from the 8.2 percent touched in the previous quarter.
"GDP at Constant (2011-12) Prices in Q2 of 2018-19 is estimated at `33.98 lakh crore, as against `31.72lakh crore in Q2 of 2017-18, showing a growth rate of 7.1 percent," read the .government statement.
"Quarterly GVA (Basic Price) at Constant (2011-2012) Prices for Q2 of 2018-19 is estimated at `31.40 lakh crore, as against `29.38lakh crore in Q2 of 2017-18, showing a growth rate of 6.9 percent over the corresponding quarter of previous year," it said.
"The Economic Activities which registered growth of over 7 percent in Q2 of 2018-19 over Q2 of 2017-18 are ‘Manufacturing, ‘Electricity, Gas, Water Supply & Other Utility Services’‘Construction’ and‘Public Administration, Defence and Other Services’. The growth in the ‘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 percent, (-) 2.4 percent, 6.8 percent, and 6.3 percent respectively during this period," the statement further said.
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