India GDP slows down at 5.7pc

IANS . New Delhi | Update:

India’s GDP growth for the first quarter of the current fiscal ended June slowed down to 5.7 per cent, from 6.1 per cent reported for the fourth quarter of 2016-17, official data showed on Thursday.

According to data from the Central Statistics Office (CSO), the GDP for Q1 stood at Rs 31.10 lakh crore, or a growth of 5.7 per cent, compared with 6.1 per cent in the fourth quarter of the last fiscal.

The drop in growth was even sharper compared to the like quarter a year ago when the country’s GDP grew at 7.9 per cent.

   
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