GDP growth rate for FY18 revised upward to 7.2% from 6.7% earlier

Demonetisation year saw an economic growth rate of 8.2%, according to the revised data

The government on Thursday revised the economic growth rate upwards to 7.2 per cent for 2017-18 from the 6.7 per cent estimated earlier.

According to the revised gross domestic product (GDP) data, released by the Central Statistics Office (CSO), the demonetisation year, 2016-17, saw a growth rate of 8.2 per cent, the highest in the five years of the Modi government. Earlier, the growth rate was estimated at 7.1 per cent. 

Advance estimates, which are not given in this data, have pegged growth at 7.2 per cent for the current fiscal year. Now the high base effect of 2017-18 might