GDP growth hits 2-yr high of 8.2% in Q1

India's economy grew at 2-year high of 8.2 per cent in the April-June quarter of 2018-19 on strong performance of manufacturing and agriculture sectors, increasing its lead over China to remain the world's fastest growing major economy.

The Gross Domestic Product (GDP) at constant prices (2011-12) had grown at 5.6 per cent in the April-June quarter of last fiscal, according to government data released on Friday.

The size of the GDP in the first quarter of 2018-19 was estimated at Rs 33.74 lakh crore, as against Rs 31.18 lakh crore in Q1 of 2017-18, a growth rate of 8.2 per cent, as per the statement of the Central Statistics Office (CSO).

The previous high in quarterly GDP growth was recorded in the January-March quarter of 2015-16 at 9.3 per cent.

The Chinese economy had expanded at the rate of 6.7 per cent in the April-June period this year.

India's Gross Value Added (GVA) for the quarter under consideration has been estimated at 8 per cent, up from 5.6 per cent in the year-ago period.

(Agencies)