Home Economy and Finance India's GDP grew by 6.8% in the last financial year, quarterly rate fell below 6% in the last quarter

India’s GDP grew by 6.8% in the last financial year, quarterly rate fell below 6% in the last quarter

The Per Capita Income for FY 2018-19 stood at ₹92,565

The Ministry of Statistics & Programme Implementation has released the provisional estimates of GDP for the financial year 2018-19. The numbers have been published at both Constant (2011-12) and Current Prices. Along with this, Quarterly Estimates of Gross Domestic Product (GDP) for the fourth quarter (January to March) has also been released.

According to the provisional estimates, the fourth quarter in 2018-19 saw a dip in GDP growth rate, as it fell to 5.8% at constant prices and 9.4% at current prices, down from 6.6% and 11% from the previous quarter. The GDP at Constant (2011-12) Prices in the fourth quarter of FY 2018‑19 is estimated at ₹37.20lakh crore.

The GDP growth rate for the financial year 2018-19 was 6.8% at constant price, and 11.2% at the current price. The growth rate showed a decreasing trend in every quarter in the financial year. The growth rate of 6.8% is the lowest in the last five years.

PeriodConstant Prices (2011‑12)Current Prices
Financial year 2018 -196.811.2
Q1 2018-19 (April-June)8.012.6
Q2 2018-19 (July-Sep)7.012.0
Q3 2018-19 (Oct-Dec)6.611.0
Q4 2018-19 (Jan-Mar)5.89.4
- Ad - - article resumes -

The Second Advance Estimates of National Income for the financial year 2018-19 were released on 28th February, 2019. These estimates have now been revised incorporating latest estimates of Agricultural Production, Index of Industrial Production (IIP) and performance of key sectors like, Railways, Transport other than Railways, Communication, Banking, Insurance and Government Revenue Expenditure, a press release by the ministry said.

The Real GDP or GDP at Constant (2011-12) Prices for the financial year 2018‑19 is now estimated at ₹140.78 lakh crore, showing a growth rate of 6.8%over the GDP for the year 2017‑18 of ₹131.80 lakh crore. At current prices the GDP is estimated at ₹90.10 lakh crore.

The sectors which registered growth rate of over 7.0% are public administration, defence and other services (8.6%), construction (8.7%), financial, real estate and professional services (7.4%), electricity, gas, water supply & other utility services (7.0%). The growth in the ‘agriculture, forestry and fishing’, ‘mining & quarrying’, ‘manufacturing’ and ‘trade, hotels, transport, communication and services related to broadcasting’ is estimated to be 2.9%, 1.3%, 6.9% and 6.9% respectively.

The Gross National Income (GNI) at 2011-12 Prices rose by 6.9%, and it is now estimated at ₹139.32 lakh crore at constant prices for the FY 2018-19, as against the previous year’s estimate of R130.34lakh crore. The Per Capita Income for FY 2018-19 stood at ₹92,565, up from ₹87,623 in the previous year, registering a growth rate of 5.6%. At current prices, the GNI was ₹188.17 lakh crore, and per capita income was ₹ 1,26,406.

Help Opindia Reach Every Indian. Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Big Story

As Barkha had predicted, the Sibals also blamed the newly-elected Narendra Modi government for the advertisers to back off. Lack of advertising revenues led to deepening of their financial troubles, they claim. 

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

Proud to be a brand - Made in India?
Now, Advertise on Opindia

Mangalore: Mohammad Ansari rapes a cow by tying its limbs, villagers catch him in the act, arrested

The villagers also made Ansari touch cow’s feet and ask for forgiveness for raping her. However, when Ansari approached the calf, the animal freaked out and started running.

Interview: Former RAW officer makes further shocking revelations about Hamid Ansari after alleging that he endangered lives of RAW officers in Iran

In this exclusive interview, Former RAW (Research and Analysis Wing) officer NK Sood makes further revelations about his time in Iran, Hamid Ansari and the vilified scientist Nambi Narayanan

Kapil Sibal claims Barkha Dutt was sacked before her tweets, won’t be paid anymore, Barkha says Sibal is lying

As Barkha had predicted, the Sibals also blamed the newly-elected Narendra Modi government for the advertisers to back off. Lack of advertising revenues led to deepening of their financial troubles, they claim. 
Kapil Sibal backed Tiranga TV senior producer accused of sexual harassment

Tiranga TV in yet another controversy: Girl accuses senior producer of sexual harassment, makes lewd chats public

A girl has accused the senior producer of Kapil Sibal backed Tiranga TV of sexual harassment. Himanshi Gupta took to Twitter to make lewd WhatsApp chats public.
Image Source: Newstate

Campaign to raise funds for Richa Bharti, who was ordered to distribute Quran by Ranchi court, surpasses target within hours

A 19-year old college student, Richa Bharti was ordered to distribute 5 copies of Quran as a condition of bail by the Ranchi court

Abusive actor Ajaz Khan arrested by Mumbai Police for instigating violence through social media

Mumbai Police arrests small-time actor Ajaz Khan after he mocked the police on TikTok

Live updates Karnataka Trust Vote: The Speaker has gone to meet the Advocate General Uday Holla

JDS-Congress government of Karnataka is facing their second floor test after assembly elections were held in May last year.

Conversion at Karnataka High Court? Islamic proselytising organisation distributed Quran among judges and advocates

Salaam Centre engages in 'Dawah' or the Islamic practice of converting non-Muslims to Muslim.
Image Source: Newstate

Richa Bharti case: Ranchi Court takes back order to distribute Quran after state govt and investigating officer’s request

The Ranchi Court, which had ordered Richa Bharti to distribute 5 copies of the Quran as a condition for bail, has been forced to take back its ridiculous judgment.
Supreme court judgements - regional languages

Here are 7 bizarre judgments by the Indian Judiciary that highlight the need for urgent reforms

It's not the first time that the rather bizarre tendencies of the Indian Judiciary have been on display. In this article, we revisit some of them.
Subscribe to Day's Top Stories
- Advertisment -

Latest articles

Connect with us

173,593FansLike
158,679FollowersFollow
74,829SubscribersSubscribe
Help Opindia Reach Every Indian. Share This Post