CSO revises GDP growth in 2018-19 to 7 percent

Last Updated: Fri, Mar 01, 2019 11:04 hrs

The economic growth of india slowed to a low of 6.6 per cent in October to December period of current fiscal year 2018-19, according to government data released on Thursday.

The Gross Domestic Product (GDP) at constant prices (2011-12) grew at 7 per cent during October to December quarter of the previous financial year.

"GDP at constant (2011-12) prices in Q3 of 2018-19 is estimated at Rs 35 lakh crore, as against Rs 32.85 lakh crore in Q3 of 2017-18, showing a growth rate of 6.6 per cent," said the Central Statistics Office (CSO) which operates under the Ministry of Statistics and Programme Implementation.

"GDP growth rates for Q1 and Q2 of 2018-19 at constant prices are 8 per cent and 7 per cent respectively," said the CSO in a statement.

The GDP growth during 2018-19 is now estimated at 7 per cent as compared to 7.2 per cent in 2017-18.

Earlier last month, the CSO had estimated GDP growth of 7.2 per cent for the current financial year under its first advance estimates.