Disappointing the street, Gross Domestic Product (GDP), a measure of the country's total economic output, slowed down to 5.7% for the first quarter of fiscal year 2017-18, as against 7.9% in the same quarter of the previous year and 6.1% growth in the fourth quarter of the fiscal year 2016-17.
Quarterly Gross Value Added (GVA) at basic price at constant (2011-2012) prices for Q1 of 2017-18 is estimated at Rs 29.04 lakh crore, as against Rs 27.51 lakh crore in Q1 of 2016-17, showing a growth rate of 5.6% over the corresponding quarter of previous year.