Releasing the first advance estimates of National Income for 2018-19, Central Statistics Office (CSO) stated that the growth in GDP during 2018-19 is estimated at 7.2% as compared to the growth rate of 6.7% in 2017-18, mainly due to improvement in the performance of agriculture and manufacturing sectors.
Economic Affairs Secretary Subhash Chandra Garg described the 7.2% GDP growth projection as very healthy. Mr. Garg stated that India continued to remain the fastest growing economy in the world and at current prices, GDP grows by 12.3% rising to 188. 41 lakh crore.
Source: News on AIR