New Delhi: India’s economy slows down to 5.7 percent August 31 (IANS) During the quarter ended June, the growth rate of the country’s gross domestic product (GDP) declined and it came down from 6.1 per cent in the fourth quarter of fiscal year 2016-17 to 5.7 per cent. Official data received this information on Thursday.
India’s economy slows down to 5.7 percent – India Virals | www.indiavirals.com
According to the data released by the Central Statistical Office (CSO), the gross domestic product (GDP) growth in the first quarter of the current fiscal stood at Rs 31.10 lakh crore with an increase of 5.7 per cent, compared to 6.1 per cent during the fourth quarter of the previous fiscal.
If we compare the GDP growth rate from the same quarter a year ago, then there has been a significant decline in it. During the first quarter of fiscal year 2016-17, the GDP growth was 7.9 percent.