Government revises FY18 GDP growth to 7.2% from 6.7% earlier

The CSO has also released the Second Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for 2016-17

The government Thursday revised the economic growth rate upwards to 7.2 per cent for 2017-18 from the 6.7 per cent estimated earlier, mainly driven by performance of farm sector.

"Real GDP or GDP at constant (2011-12) prices for 2017-18 and 2016-17 stand at Rs 131.80 lakh crore and Rs 122.98 lakh crore, respectively, showing growth of 7.2 per cent during 2017-18 and 8.2 per cent during 2016-17 (from earlier estimate of 7.1 per cent)," the CSO said.

For the current fiscal, in May, the CSO in its advance estimate had projected a growth rate of 7.2 per cent.

The 2017-18 growth is lowest