The Indian economy grew at a 15-quarter high of 8.2 per cent in the first quarter of this fiscal on decent show by manufacturing and farm sectors, according to recent Indian Government data. The growth reiterated India’s position as the fastest-growing major economy, marking a higher expansion rate than China’s 6.7 per cent 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, as against ₹31.18 lakh crore in the first quarter of 2017-18, showing a growth rate of 8.2 per cent, said a Ministry of Statistics & Programme Implementation press release.

A high quarterly GDP growth was recorded earlier in the July-September period in 2014-15 at 8.4 per cent.

The quarterly gross value added (GVA) at basic prices for the first quarter of 2018-19 from manufacturing sector grew by 13.5 per cent as compared to contraction of 1.8 per cent in the first quarter in the last fiscal. (DS)

Fibre2Fashion News Desk – India

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