The Indian economy grew at 8.2 per cent in the first quarter of 2018-19 on good show by manufacturing and farm sectors.
“Excellent news of GDP hitting a 9-quarter high at 8.2 per cent. This is slightly higher than my own estimate of 7.8 per cent which I had announced at the Motilal Oswal Investors Summit on 27th Aug.
“The growth rate will surely be higher in the coming quarters,” Kumar said in a tweet.
The growth cemented India‘s position as the fastest growing major economy, clocking higher expansion rate than China’s 6.7 in the same quarter.
The gross domestic product (GDP) at constant (2011-12) prices in the first quarter of 2018-19 is estimated at Rs 33.74 lakh crore, as against Rs 31.18 lakh crore in Q1 of 2017-18, showing a growth rate of 8.2 per cent, a Central Statistics Office statement said.
