• search

GDP growth for Q1 of financial year 2018-19 is 8.2%

By Vikas
Subscribe to Oneindia News
For Quick Alerts
Subscribe Now
For Quick Alerts
ALLOW NOTIFICATIONS
For Daily Alerts

    New Delhi, Aug 31: The GDP growth for the April-June Quarter of the financial year 2018-19 is 8.2%, according to government data.

    The Union Government on Friday released the Gross Domestic Product (GDP) data for the first quarter of the financial year 2018-19. This is the first quarterly report of the current financial year which began on April 1, 2018.

    Image for representation only

    With this, India continues to remain world's fastest growing major economy. The world's second largest economy, China, reported a 6.7 per cent growth for June quarter compared with 6.8 per cent in March quarter.

    The GDP growth rate in the last quarter was 7.7 per cent while that in the first quarter of the previous financial year (2017-18) stood at 5.59 per cent.

    [Eight core sectors grow by 6.6 per cent in July]

    This is the highest GDP growth in the last eight quarters.

    The first quarter of the fiscal year FY19 has witnessed an improvement in economic activity. Index of Industrial Production (IIP) has grown at 5.2 per cent during April-June 2018 compared with 1.9 per cent during the corresponding period in the previous year.

    For Breaking News from Oneindia
    Get instant news updates throughout the day.

    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more