India retains tag of fastest growing economy; GDP rises 7.7% in Jan-Mar

For the 2017/18 full fiscal year ended in March, growth came in at 6.7 per cent

The Indian economy grew 7.7 percent during the period from January to March, topping the pace of the previous quarter for India to retain its position as the fastest growing major economy.

India surpassed China's growth of 6.8 percent in the January to March quarter.

Growth for Asia's third-largest economy, reported by the Ministry of Statistics, trumped forecasts in a Reuters poll for annual growth of 7.3 percent.

The ministry revised the October-December annual pace to 7.0 percent from the provisional 7.2 percent it reported earlier.

For the fiscal year that ended March 31, the ministry reported growth of 6.7 percent, down from 7.1