Highlights
- GDP growth accelerates to 7.2% for October-December quarter
- Economists polled by Reuters had forecast a growth of 6.9% in the quarter
- Economy expected to grow at 6.6% in 2017-18
India's GDP for the third quarter of 2017-18 grew at 7.2 per cent, official data showed on Wednesday.
The GDP growth during the second quarter of the fiscal was at 6.5 per cent.
"The Real GDP at constant (2011-12) prices in the year 2017-18 is likely to attain a level of Rs 130.04 lakh crore, as against the first revised estimate of GDP for the year 2016-17 of Rs 121.96 lakh crore, released on January 31, 2018. The growth in GDP during 2017-18 is estimated at 6.6 percent as compared to the growth rate of 7.1 percent in 2016-17," the statement said.