India's GDP growth beats all estimates at 7.2% for the quarter October- December 2017.
India's GDP growth beats all estimates at 7.2% for the October-December quarter 2017 as per data released by Central Statistics Office (CSO) today.
GDP at constant (2011-12) prices in Q3 of 2017-18 is estimated at Rs 32.50 lakh crore, as against Rs 30.32 lakh crore in Q3 of 2016-17, showing a growth rate of 7.2 percent.
India's gross value added (GVA) growth stood at 6.7% in the third quarter of 2017-18 compared with 6.9% in the same period last year.
The Gross Domestic Product (GDP) was 7.1% in 2016-17 and 8% in the preceding year. It was 7.5% in 2014-15.
Most of the economists had expected GDP will grow in the range of 6.5 to 6.9 percent.
Indian economy was hit by two big policy changes of Goods and Services Tax (GST) and demonitization in the past 18 months.
It was at a 3 year low in June 2017 at 5.7% and grew to 6.2% in the September 2017 ended quarter.
Sector Wise Analysis
Agriculture
The ‘agriculture, forestry and fishing' sector is likely to show a growth rate of 3.0 percent in its GVA during 2017-18, as against the previous year's growth rate of 6.3 percent.
Mining and quarrying
The growth in the GVA at basic prices for 2017-18 from ‘mining and quarrying' sector is estimated to be 3.0 percent as compared to growth of 13.0 percent in 2016-17.
Manufacturing
The growth in the GVA at basic prices for 2017-18 from ‘manufacturing' sector is estimated to be 5.1 percent as compared to growth of 7.9 percent in 2016-17.
Electricity, gas, water supply and other utility services
GVA at basic prices for 2017-18 from ‘Electricity, gas, water supply and other utility services' sector is estimated to grow by 7.3 percent as compared to growth of 9.2 percent in 2016-17.
Construction
GVA at basic prices for 2017-18 from ‘Construction' sector is estimated to grow by 4.3 percent as compared to growth of 1.3 percent in 2016-17.
Trade, hotels, transport, communication and services related to broadcasting
GVA at basic prices for 2017-18 from this sector is estimated to grow by 8.3 percent as compared to growth of 7.2 percent in 2016-17.
Financial, real estate and professional services
GVA at basic prices for 2017-18 from this sector is estimated to grow by 7.2 percent as compared to growth of 6.0 percent in 2016-17.
Public administration, defence and other services
GVA at basic prices for 2017-18 from this sector is estimated to grow by 10.1 percent as compared to growth of 10.7 percent in 2016-17.
Per Capita Income
The per capita income in real terms (at 2011-12 prices) during 2017-18 is likely to attain a level of Rs 86,689 as compared to Rs 82,229 for the year 2016-17. The growth rate in per capita income is estimated at 5.4 percent during 2017-18, as against 5.7 per cent in the previous year.
Price indices used as deflators
The wholesale price index (WPI), in respect of the groups food articles, minerals, manufactured products and all commodities, has risen by 2.3 percent, 7.3 percent, 2.6 percent and 2.9 percent, respectively during April-December, 2017-18. The consumer price index has shown a rise of 3.3 percent during April-December, 2017-18.
More From GoodReturns

New PAN Card Rules From April 1, 2026: How To Apply For New PAN Card Via Protean, E-Filing Portal?

LPG Gas Cylinder Prices Hiked Again From April 1; 19 KG LPG Gets Costlier By Rs 218; 14.2 KG LPG Unchanged

Gold Rate in India Rises Over Rs 37,000/24K in Three Days; Will Jump in Gold Price Today Continue on 31 March?

Gold Price Today Declines After 3-Day Surge; Check Latest 22K, 24K, 18K Gold & Silver Rates in Delhi on 2April

Bank Holiday In April 2026: Banks To Be Closed For 14 Days; Good Friday, Baisakhi To Akshaya Tritiya

Hyderabad Gold Rates Today Crash By Rs 40,000 After 6 Days, Silver Rate Falls By Rs 10,000: 24K, 22K, 18k Gold

Fresh Drop in Gold Rate Today; Silver Stable: Latest 22K, 24K, 18K Gold & Silver Prices in Delhi on 30 March

Gold Rate in India Rebounds After Falling Nearly Rs 40,000 In a Day; Will Gold Price Today Jump or Drop?

Govt Approves PDS Kerosene Distribution in 21 States for 60 Days, Sets 5,000 L Storage Limit Amid LPG Crisis

Bank Holiday Today, Tomorrow & More: Banks Are Closed On March 31, April 1, April 2, April 3; Here's Why

Gold Rate in India After 20% Slide from Record Highs; Will Gold Price Today Jump to Rs 1.50 Lakh on 30 March?



Click it and Unblock the Notifications