Updated November 30th, 2018 at 17:44 IST

India registers 7.1% GDP growth rate in July-September Quarter (Q2) 2018-19. Full details here

India registered a growth rate of 7.1% in the second quarter of FY2018-19 versus 6.3% in the same period last year

Reported by: Ankit Prasad
| Image:self
Advertisement

India registered a growth rate of 7.1% in the second quarter of FY2018-19 versus 6.3% in the same period last year, data released by the Central Statistics Office (CSO) of the Ministry of Statistics and Programme Implementation (MOSPI) has revealed.

  • As per the release, 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, showing a growth rate of 7.1%.
  • 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. 29.38lakh crore in Q2 of 2017-18, showing a growth rate of 6.9% over the corresponding quarter of previous year.

The combined Index of Eight Core Industries stood at 134.8 in October 2018, which was 4.8 per cent higher as compared to the index of October 2017. Its cumulative growth during April to October 2018-19 was 5.4%.

  • Farm Sector Growth At 3.8% vs 2.6% YoY
  • Manufacturing Sector Growth At 7.4%
  • Mining Sector Output At -2.4% vs 6.9% YoY
  • Construction Sector Grew At 7.8%
  • Power, Gas, Water Sectors Growth At 9.2%

In the previous quarter, India had registered 8.2% GDP growth. 

READ | 'What's The Real GDP?' Debate Explained In 10 Points: CSO Revises UPA-era Economic Growth Rates, Congress Rails Against Government

Here's how the latest figures match up to earlier quarter-wise GDP estimates at the time that they were first announced:

Q3 2014-15 - 7.5 per cent
Q4 2014-15 - 7.5 per cent

Q1 2015-16 - 7.0 per cent
Q2 2015-16 - 7.4 per cent
Q3 2015-16 - 7.3 per cent
Q4 2015-16 - 7.4 per cent

Q1 2016-17 - 7.3 per cent
Q2 2016-17 - 7.3 per cent
Q3 2016-17 - 7.0 per cent
Q4 2016-17 - 6.1 per cent

Q1 2017-18 - 5.6 per cent
Q2 2017-18 - 6.3 per cent
Q3 2017-18 - 7.0 per cent
Q4 2017-18 - 7.7 per cent

Q1 2018-19 - 8.2 per cent
Q2 2018-19 - 7.1 per cent

Advertisement

Published November 30th, 2018 at 17:04 IST