GDP growth slow to 3-month low of 7.1 pc in Q2

NEW DELHI: India’s economy grew at 7.1 per cent in July-September, lowest in three quarters, but still remained ahead of China to retain the tag of the world’s fastest growing major economy.

The Gross Domestic Product (GDP) at constant prices (2011-12) had grown at 6.3 per cent in July-September quarter of the last fiscal, according to Government data released on Friday.

The size of the GDP in the second quarter of 2018-19 is estimated at Rs 33.98 lakh crore, as against Rs 31.72 lakh crore a year ago, showing a growth rate of 7.1 per cent, as per a statement of the Central Statistics Office (CSO).

Indian economy grew at 8.2 per cent in April-June quarter of this fiscal.

The GDP growth was 7.7 per per cent in January-March quarter while it was at 7 per cent in October-December.

The Chinese economy had expanded at the rate of 6.5 per cent in the July-September period this year. (AGENCIES)