India is expected to remain among the fastest-growing major economies in 2018-19.
The GDP is expected to grow at 7.2 percent in the ongoing financial year, according to the first advance estimates released by the Central Statistics Office on Monday, 7 January. Gross Value Added, which strips out indirect tax and subsidies, is expected to grow at 7 percent.
Both GDP and GVA growth estimates are in line with economist expectations. A Bloomberg poll had pegged GDP growth forecast at 7.2 percent for 2018-19 while the RBI had projected the growth at 7.4 percent at the time of its last policy review in early December.
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