Millennium Post

GDP growth slows to 3-mth low of 7.1% in Q2

GDP growth slows to 3-mth low of 7.1% in Q2

New Delhi: India's economy grew at 7.1 per cent in July-September, lowest in three quarters, but still remained ahead of China to retain the tag of the world's fastest growing major economy.

The Gross Domestic Product (GDP) at constant prices (2011-12) had grown at 6.3 per cent in July-September quarter of the last fiscal, according to government data released Friday.

The size of the Gross Domestic Product in the second quarter of 2018-19 is estimated at Rs 33.98 lakh crore, as against Rs 31.72 lakh crore a year ago, showing a growth rate of 7.1 per cent, as per a statement of the Central Statistics Office (CSO).

Indian economy grew at 8.2 per cent in April-June quarter of this fiscal.

The Gross Domestic Product growth was 7.7 per per cent in January-March quarter while it was at 7 per cent in October-December.

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