In an encouraging development, India’s gross domestic product (GDP) beat all the estimates and came at 7.7% for the fourth quarter ended March 31, 2018, as compared to 7.2% in the previous quarter, while for the full year 2017-18 it stood at 6.7%.
Gross value added (GVA) at basic constant (2011-12) prices for the year 2017-18 is estimated at Rs 119.76 lakh crore showing a growth rate of 6.5% over First Revised Estimates of GVA for the year 2016-17 of Rs 112.48 lakh crore.