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India's Q2 GDP growth drops to 7.1 pc

Devdiscourse News Desk | New Delhi | Updated: 30-11-2018 18:32 IST | Created: 30-11-2018 18:05 IST
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.

"GDP at constant (2011-12) prices in Q2 of 2018-19 is estimated at Rs 33.98 lakh crore, as against Rs 31.72 lakh crore in Q2 of 2017-18," said the Q2 estimates released by the CSO.

"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.


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