India GDP growth likely at 6.5% in 2017-18: CSO
January 6th, 2018
The Indian economy will expand by 6.5% in 2017-18, according to the new data of the government’s Central Statistics Office (CSO). It had released its first advance estimate for India’s GDP growth rate in the current financial year. The economy had grown by 6.3% in the September quarter, after slumping to a three-year low of 5.7% GDP growth in the June quarter as the implementation of goods and services tax (GST) and demonetisation took their toll. The Indian economy grew at 7.1% in 2016-17.