(PTI)
India retained its status of the fastest growing major economy as the country’s Gross Domestic Product (GDP) growth rate for the fourth quarter (January- March) of FY 2018 came in at 7.7 per cent, topping China’s 6.8 per cent. For the full fiscal year 2017-18, the growth rate came at 6.7 per cent.
The growth rate for the last quarter (October- December) has been revised to 7 per cent from 7.2 per cent, as was declared in February. The agriculture, manufacturing and construction sectors came at 4.5 per cent, 9.1 per cent and 11.5 per cent respectively in the fourth quarter.
Government data released on Thursday evening showed that GDP grew at the highest rate since second quarter (July- September) of the fiscal year 2016-17, the quarter before the government outlawed old currency notes valued at Rs 500 and Rs 1,000.
