India's GDP recovers to 6.3 pct in July-September quarter
Xinhua,November 30, 2017 Adjust font size:
NEW DELHI, Nov. 30 (Xinhua) -- India's economic growth rate recovered to 6.3 percent in the July-September quarter, or the second quarter of the financial year, from a three-year low of 5.7 percent in the April-June quarter, the country's federal Central Statistics Office (CSO) said on Thursday.
"The economic activities which registered growth of over 6.0 percent in Q2 of 2017-18 over Q2 of 2016-17 are manufacturing, electricity, gas, water supply and other utility services, and trade, hotels, transport and communication and services related to broadcasting," said a statement issued by the Ministry of Statistics and Programme Implementation.
GDP growth had slowed to a three-year low of 5.7 percent in the April-June quarter, after being hit by rollout of the goods and services tax regime on July 1 and impact of demonetization.
Officials said the next release of quarterly GDP estimate for the October-December quarter will be issued on Feb. 2. Enditem