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India's GDP growth accelrates to 7.7% in Q4; FY18 growth expected at 6.7%
Source: IRIS | 31 May, 2018, 05.46PM
Rating: NAN / 5 stars.
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Gross Domestic Product (GDP) at 2011-12 prices in the fourth quarter (Q4) of financial year 2017-18 registered growth rate of 7.7 per cent as against  5.6 percent , 6.3 percent and 7.0 percent respectively, in the first three quarters, Q1, Q2 and Q3 of 2017-18. Rapid growth in agriculture (4.5%), manufacturing (9.1%) and construction sectors (11.5%) contributed to the overall growth.

At the sectoral level, the growth rate of GVA at constant (2011-12) prices in Q4 of 2017-18 for agriculture & allied sectors, industry and services sectors are estimated at 4.5 per cent, 8.8 per cent, and 7.7 per cent respectively.

The rate of growth of gross fixed capital formation at constant prices increased to 14.4 percent in the fourth quarter on account of 9.0 Percent growth in capital goods in Q4 of 2017-18 as against 0.8 percent, 6.1 percent and 9.1 percent respectively, in the first three quarters, Q1, Q2 and Q3 of 2017-18.

As per the Provisional estimates of national income, the growth rate of GDP at constant (2011-12) prices for the financial year 2017-18 is estimated at 6.7 percent. At the sectoral level, the growth rate of GVA at constant (2011-12) prices for agriculture & allied sectors, industry and services sectors for the year 2017-18 are estimated at 3.4 per cent, 5.5 per cent, and 7.9 per cent respectively.

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