Before budget, govt revises GDP growth to 7.2% in 2017-2018

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Before budget, govt revises GDP growth to 7.2% in 2017-2018

Jan 31, 2019 20:38 IST

The govt has revised the GDP growth for 2017-18 to 7.2% from earlier estimate of 6.7%, which also include the second and third revisions to growth estimates for previous years. The gross value added growth or GVA, used to measure the value of goods and services in an economy, has also been revised to 6.9% from provisional 6.5%. The growth of nominal GDP or the gross domestic product evaluated at current market prices for FY 2018 was also revised to 11.3% from estimated 10%. The centre also revised the GDP for FY 2017 to 8.2% from 7.1%.

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