Know your world in 60 words - Read News in just 1 minute
Hot Topics
Select the content to hear the Audio

Added on : 2018-05-31 18:56:42

Indian economy grew at 7.7 percent during January-March quarter (Q4) of financial year 20171-18 compared to 6.1 percent a year ago, driven by gains in manufacturing and consumer spending, Central Statistics Office data showed on Thursday. However, the GDP growth for the entire fiscal of 2017-18 was at 6.7%, lower than 7.1 percent in 2016-17. The surge in oil prices has emerged as a major risk factor while the weakening rupee is further adding strain on the imports. The fourth quarter GDP numbers are the highest since demonetisation and GST roll out.

Indian economy grew at 7.7 percent during January-March quarter (Q4) of financial year 20171-18 compared to 6.1 percent a year ago, driven by gains in manufacturing and consumer spending, Central Statistics Office data showed on Thursday. However, the GDP growth for the entire fiscal of 2017-18 was at 6.7%, lower than 7.1 percent in 2016-17. The surge in oil prices has emerged as a major risk factor while the weakening rupee is further adding strain on the imports. The fourth quarter GDP numbers are the highest since demonetisation and GST roll out.

Editor & Publisher : Dr Dhimant Purohit

Headlines

Good News

politics

India

World