India's Q2 GDP growth drops to 7.1 pc
The pace of India's GDP (gross domestic product) growth slowed during the second quarter of 2018-19 to 7.1 per cent from 8.2 per cent in Q1, official data showed here on Friday.
According to the Central Statistics Office (CSO), the GDP at 2011-12 prices in the second quarter (Q2) of 2018-19 fell to 7.1 per cent from 8.2 per cent in Q1, 7.7 per cent in Q4 of 2017-18 and 6.3 per cent in the corresponding period of the previous fiscal.
"Quarterly GVA (Basic Price) at constant (2011-2012) prices for Q2 of 2018-19 is estimated at Rs 31.40 lakh crore, as against Rs 29.38 lakh crore in Q2 of 2017-18, showing a growth rate of 6.9 per cent over the corresponding quarter of previous year."
The GVA includes taxes but excludes subsidies.
(With inputs from agencies.)