News >> India's GDP growth estimated to be 6.6% in 2017-18

India's GDP growth estimated to be 6.6% in 2017-18
India’s gross domestic product (GDP) growth rate at constant (2011-12) prices is estimated to be 6.6 per cent in fiscal 2017-18 compared to a growth of 7.1 per cent in 2016-17, 8.2 per cent in 2015-16, 7.4 per cent in 2014-15 and 6.4 per cent in 2013-14, according to the second advance estimates released by the Central Statistics Office (CSO) in February end this year.  
 
The decline in growth in the current fiscal is on account of lower growth in agriculture and allied sectors, mining and quarrying, and manufacturing sectors, minister of state for finance Pon Radhakrishnan told the parliament upper house recently.  
 
The growth of the services sector, however, is likely to accelerate from 7.5 per cent in 2016-17 to 8.3 per cent in 2017-18, a finance ministry press release quoted the minister as saying. (DS) 
 
(Source: Fibre2Fashion, March 31, 2018)