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News:
- Indian Economy grew 8.2 % in Apr-June this year.
Important News:
2. The figure was highest in 2 years.
3. The pace of growth is highest since 2016 when it grew 9.6 %in Jan-March quarter.
4. Annual growth is estimated of 7.5 %
5. Q1 growth rate is based on the lowest base (5.6) in the last 8 quarters.
6. The growth is attributed to Manufacturing, construction and farm sectors.
7. Industry Wise Facts:
- Manufacturing sector grew 13.5% in first quarter of 2018-19.
- Construction sector grew 8.7%
- The GDP in the first quarter of 2018-19 is estimated at Rs. 33.74 lakh crore as against Rs. 31.18 lakh crore in Q1 of 2017-18.
8. It is expected Indian economy remains the fastest growing economy in the world.
9. Inflation to be moderate and well controlled.
10. But high oil price and depreciating rupees may induce inflation.
11. Despite adverse global condition India economy has sustained growth.
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