Major rise in India’s GDP in 3rd quarter, up at 7.2 % from 6.5 %

New Delhi: India’s GDP has jumped in 3rd quarter to 7.2 % from 6.5 %. India had recorded Gross Domestic Product (GDP) growth of 7.1 per cent in the previous financial year.

India’s GDP recorded the fastest quarterly growth at 7.2% in October-December as against 6.5% in the previous quarter and 6.8% growth in the same period last year.

The second advance estimate released by Central Statistics Office (CSO) today showed that the overall GDP growth rate for 2017-18 is estimated to inch up marginally to 6.6% from the first advance estimate of 6.5% released last month.

Financial, real estate and professional services GVA has been up at 6.7% from 2.8% in the same period last year. Construction is also up with GVA growth of 6.8% in October-December as against 2.8% in previous year. Mining and quarrying went down with GVA growth of (-)0.1% in October-December from a double-digit growth rate of 12.1% in the same period last year.