Indian economy's growth estimated at 6.5% in 2017-18
New Delhi: The Indian economy is expected to grow at a slower 6.5 per cent in 2017-18 compared to the 7.1 per cent in 2016-17, official data showed on Friday.
According to the estimate of national income for 2017-18 released by the Central Statistics Office (CSO), the Gross Domestic Product (GDP) at constant (2011-12) prices for 2017-18 is likely to attain a level of Rs 129.85 lakh crore.
"The growth in GDP during 2017-18 is estimated at 6.5 per cent as compared to the growth rate of 7.1 per cent in 2016-17," the Ministry of Statistics & Programme Implementation said in its estimate of National Income for 2017-18.
Earlier, the country's GDP growth for the second quarter of the current fiscal ended September 30 was 6.3 per cent -- up from 5.7 per cent reported during the first quarter of 2017-18.