GDP growth in Q3 of 2018-19 pegged at 6.6%

New Delhi: The economic growth of India slowed to a low of 6.6 percent in October to December period of the current fiscal year 2018-19, according to government data released on Thursday.

The Gross Domestic Product (GDP) at constant prices (2011-12) grew at 7 percent during October to December quarter of the previous financial year.

“GDP at constant (2011-12) prices in Q3 of 2018-19 is estimated at Rs 35 lakh crore, as against Rs 32.85 lakh crore in Q3 of 2017-18, showing a growth rate of 6.6 percent,” said the Central Statistics Office (CSO) which operates under the Ministry of Statistics and Programme Implementation.

“GDP growth rates for Q1 and Q2 of 2018-19 at constant prices are 8 percent and 7 percent respectively,” said the CSO in a statement.

The GDP growth during 2018-19 is now estimated at 7 percent as compared to 7.2 percent in 2017-18.

Earlier last month, the CSO had an estimated GDP growth of 7.2 percent for the current financial year under its first advance estimates.