India's Q1 (April-June) 2018-19 GDP estimated to have grown at 8.2%

India's GDP (Gross Domestic Product), the total value of goods and services produced within a defined period, is estimated to have grown at 8.2% in the April-June quarter of the current financial year, the Central Statistics Office of the Ministry of Statistics and Programme Implementation, revealed on Friday. The release reads: GDP at constant (2011-12) prices in Q1 of 2018-19 is estimated at Rs. 33.74 lakh crore ($475.5 billion), as against Rs. 31.18 lakh crore ($439.4 billion) in Q1 of 2017-18, showing a growth rate of 8.2%. GVA (Gross Value Added) at basic price at constant (2011-2012) prices for Q1 of 2018-19 is estimated at Rs. 31.63 lakh crore, as against Rs. 29.29 lakh crore in Q1 of 2017-18, showing a growth rate of 8.0% over the corresponding quarter of previous year The growth rate of 8.2% entails a significant expansion in comparison to the 5.6% growth rate India registered in the same quarter a year ago. In the immediately preceeding quarter, i.e. Jan-March Q4 2017-18, India registered a growth of 7.7%, with the previous three quarters registering 7.0% (Q3 2017-18), 6.3% (Q2 2017-18) and 5.6% (Q1 2017-18). In its sector-wise breakdown of the GDP growth for the quarter in question, the release states: The economic activities which registered growth of over 7% in Q1 of 2018-19 over Q1 of 2017-18 are ‘manufacturing, ‘electricity, gas, water supply & other utility services’ ‘construction’ and ‘public administration, defence and other services’. READ | Demonetisation Debate Reaches Fever Pitch As BJP Fires Economy Salvo Against Rahul Gandhi Accusing Him Of 'hallucinating On Crony Capitalism' Here is a readout of quarter-wise GDP estimates at the time that they were first announced (similar to how the growth rate mentioned above is an estimate) for the past few years: [At constant (2004-05) prices] Q1 2011-12 - 7.7 per cent Q2 2011-12 - 6.9 per cent Q3 2011-12 - 6.1 per cent Q4 2011-12 - 5.3 per cent Q1 2012-13 - 5.5 per cent Q2 2012-13 - 5.3 per cent Q3 2012-13 - 4.5 per cent Q4 2012-13 - 4.8 per cent Q1 2013-14 - 4.4 per cent Q2 2013-14 - 4.8 per cent Q3 2013-14 - 4.7 per cent Q4 2013-14 - 4.6 per cent Q1 2014-15 - 5.7 per cent Q2 2014-15 - 5.3 per cent [Onward: At constant (2011-12) prices] Q3 2014-15 - 7.5 per cent Q4 2014-15 - 7.5 per cent Q1 2015-16 - 7.0 per cent Q2 2015-16 - 7.4 per cent Q3 2015-16 - 7.3 per cent Q4 2015-16 - 7.4 per cent Q1 2016-17 - 7.3 per cent Q2 2016-17 - 7.3 per cent Q3 2016-17 - 7.0 per cent Q4 2016-17 - 6.1 per cent Q1 2017-18 - 5.6 per cent Q2 2017-18 - 6.3 per cent Q3 2017-18 - 7.0 per cent Q4 2017-18 - 7.7 per cent Q1 2018-19 - 8.2 per cent (Source: Central Statistics Office website, Ministry of Statistics and Programme Implementation) Here's how political leaders have reacted: Former Finance Minister and senior Congress leader P Chidambaram has emphasised a base effect for the high growth rate: 2016-17 17-18 18-19 8.1 5.6 8.2 7.6 6.3 6.8 7.0 6.1 7.7 Happy that the rate of growth has quickened, but look at the table once again. Q1 growth rate is based on the lowest base (5.6) in the last 8 quarters. — P. Chidambaram (@PChidambaram_IN) August 31, 2018 He has offered a prediction for coming quarters: Going forward, the base effect will not be so favourable. And when we reach Q3 and Q4, the rate of growth may decline and the annual growth rate may be more or less like last year's. — P. Chidambaram (@PChidambaram_IN) August 31, 2018 READ | Finance Minister Arun Jaitley Denies That Demonetisation Was Unsuccessful; States Larger Purpose BJP party president Amit Shah, however, has put out a set of info-graphics on the Q1 economic performance and has cited the numbers as a 'reflection on the transformative changes being ushered in by PM Modi' India’s rapidly growing GDP is a reflection on the transformative changes being ushered in by Prime Minister Shri @narendramodi’s government. Indian economy is witnessing unprecedented growth in every sector, from manufacturing to agriculture. #NewIndiaNewMomentum pic.twitter.com/N5Ay6Je5O1 — Amit Shah (@AmitShah) August 31, 2018 India’s rising economic fortunes mean better prospects for the common man, who will now have more means and opportunities to realise his or her dreams. New India, under PM Modi’s leadership,is now empowered more than ever. My compliments to the PM for this stupendous performance. — Amit Shah (@AmitShah) August 31, 2018 Indian economy was in shambles when PM Modi took office but an unfazed NDA, the entire cabinet, single mindedly focussed on putting India back on track. PM @narendramodi & FM @arunjaitley under took the arduous task of putting fundamentals in place amidst heightened expectations. pic.twitter.com/SPRtUQ9F75 — Amit Shah (@AmitShah) August 31, 2018 Get today’s India news and stay updated with latest news headlines. 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India's Q1 (April-June) 2018-19 GDP estimated to have grown at 8.2%

India's GDP is estimated to have grown at 8.2% in the April-June quarter of the current financial year, the Central Statistics Office of the Ministry of Statistics and Programme Implementation, revealed on Friday.

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