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India estimate growth of 7.2 percent for this year

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Asia   India's gross domestic product (GDP) will grow by 7.2 percent

India's gross domestic product (GDP) will grow by 7.2 percent this fiscal year 2018-19 compared to 6.7 percent in the previous period, according to data from the Central Bureau of Statistics.


A minor jump in exports and strong growth in the manufacturing sector are the two factors that are the main drivers of growth, said the portal of the television channel News X.

Although the agricultural sector set a 3.8 percent increase, the forecast for the sector is bleak, according to a statement issued by the Ministry of Statistics and Program Implementation.

The first anticipated estimates of national income indicate that the electricity, gas, water supply and other public services, construction, manufacturing, public administration and defense sectors registered a growth rate of more than seven percent.

India's economy grew at a faster pace than most major nations in 2018 and this year it could surpass the United Kingdom to become the fifth largest in the world, Live Mint newspaper said on its side.


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