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Government revises GDP growth rate from 6.7 per cent to 7.2 per cent for 2017-18

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Government revises GDP growth rate from 6.7 per cent to 7.2 per cent for 2017-18

The government on Thursday revised the GDP growth rate for the year 2017-18 from 6.7 per cent to 7.2 per cent. GDP growth according to Provisional Estimate stood at 6.7 per cent but First Revised Estimate shows to be at 7.2 per cent.

The government will release Second Advance Estimates for the latest session, 2018-2019 on February 28.

The CSO said, “Real GDP or GDP at constant (2011-12) prices for 2017-18 and 2016-17 stand at Rs 131.80 lakh crore and Rs 122.98 lakh crore, respectively, showing growth of 7.2 per cent during 2017-18 and 8.2 per cent during 2016-17”, as quoted by PTI.

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