India surpasses Chinese GDP |
India surpassed China`s growth of 6.8 percent in the January to March quarter. In one of the biggest expansion in nearly seven quarters, the Indian economy grew at 7.7 per cent during the period from January to March retaining its position as the fastest-growing major economy, government data showed. This was largely on account of robust performance in manufacturing, construction and service sectors as well as good farm output. GDP at 2011-12 prices in the fourth quarter of 2017-18 registered growth rate of 7.7 per cent as against 5.6 per cent, 6.3 per cent and 7 per cent, respectively, in the first three quarters of 2017-18. Rapid growth in agriculture (4.5 per cent), manufacturing (9.1 per cent) and construction (11.5 per cent) contributed to the overall growth. Prior to this performance, the previous high GDP growth of 8.1 per cent was recorded in April-June quarter of 2016-17. The GDP growth was 6.1 per cent in January-March quarter in 2016-17.
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