India's GDP recovers to 6.3 pct in July-September quarter

Source: Xinhua| 2017-11-30 21:09:51|Editor: liuxin
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NEW DELHI, Nov. 30 (Xinhua) -- India's economic growth rate recovered to 6.3 percent in the July-September quarter, or the second quarter of the financial year, from a three-year low of 5.7 percent in the April-June quarter, the country's federal Central Statistics Office (CSO) said on Thursday.

"The economic activities which registered growth of over 6.0 percent in Q2 of 2017-18 over Q2 of 2016-17 are manufacturing, electricity, gas, water supply and other utility services, and trade, hotels, transport and communication and services related to broadcasting," said a statement issued by the Ministry of Statistics and Programme Implementation.

GDP growth had slowed to a three-year low of 5.7 percent in the April-June quarter, after being hit by rollout of the goods and services tax regime on July 1 and impact of demonetization.

Officials said the next release of quarterly GDP estimate for the October-December quarter will be issued on Feb. 2.

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