Economy to grow at 7.2% in FY19 as agriculture, manufacturing look up: CSO

Most private economists have already lowered India's growth forecast to around seven per cent for FY19

The Indian economy is expected to grow at 7.2 per cent in 2018-19, a tad higher from 6.7 per cent in the previous fiscal, mainly due to improvement in the performance of agriculture and manufacturing sectors, the Central Statistics Office said Monday.

Releasing the first advance estimates of National Income for 2018-19, the Central Statistics Office (CSO) said, "The growth in GDP during 2018-19 is estimated at 7.2 per cent as compared to the growth rate of 6.7 per cent in 2017-18."

"Real GVA (Gross Value Added) is anticipated to grow at 7 per cent in the current fiscal as