Niti Aayog says GDP will grow at higher rate in coming quarters

Terming as 'excellent news' the 8.2 percent GDP growth in the first quarter of 2018-19, Niti Aayog Vice Chairman Rajiv Kumar said today that it will surely be higher in the coming quarters.

The Indian economy grew at 8.2 percent in the first quarter of 2018-19 on a good show by the manufacturing and farm sectors.

"Excellent news of GDP hitting a 9-quarter high at 8.2 percent. This is slightly higher than my own estimate of 7.8 percent which I had announced at the Motilal Oswal Investors Summit on 27th Aug.

"The growth rate will surely be higher in the coming quarters," Kumar said in a tweet.

The growth cemented India's position as the fastest growing major economy, clocking higher expansion rate than China's 6.7 in the same quarter.

The gross domestic product (GDP) at constant (2011-12) prices in the first quarter of 2018-19 have estimated at Rs 33.74 lakh crore, as against Rs 31.18 lakh crore in Q1 of 2017-18, showing a growth rate of 8.2 percent, a Central Statistics Office statement said.

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