In an encouraging development, India’s gross domestic product (GDP) beat all the estimates and came at 8.2% for the first quarter of fiscal year 2018-19, as against 5.6% in the same quarter of the previous year and 7.7% growth in the fourth quarter of the fiscal year 2017-18.
Gross value added (GVA) at basic constant (2011-12) prices for Q1 of 2018-19 is estimated at Rs 31.63 lakh crore as against Rs 29.29 lakh crore in Q1 of 2017-18, showing a growth rate of 8% over the corresponding quarter of previous year.