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Business News

Feb 28, 2018
8:48PM

Indian economy grows 5-quarter high of 7.2% in Oct-Dec period


The Indian economy grew at five-quarter high of seven point two per cent in the October-December period reflecting overall recovery due to good show by agriculture, manufacturing, construction and certain services.

The economy is expected to grow at 6.6 per cent in the current fiscal ending March 31, as per the second advanced estimates of the Central Statistics Office (CSO), compared to 7.1 per cent in 2016-17.

The earlier estimate was 6.5 per cent.

The growth for the second quarter (July-September) has been revised upwards to 6.5 per cent, from 6.3 per cent estimated earlier by the CSO.

The previous high was recorded at 7.5 per cent in the July-September quarter of 2016-17.

It said, the growth in GDP during 2017-18 is estimated at 6.6 per cent as compared to the growth rate of 7.1 percent in 2016-17.

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