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India's GDP grows by 6.7 pc in Q1: Govt data

India's GDP slowed to a five-quarter low of 6.7% in April-June due to weaker agricultural performance, though it remains the fastest-growing major economy compared to China's 4.7% growth.

News Arena Network - New Delhi - UPDATED: August 30, 2024, 06:06 PM - 2 min read

India's GDP grows by 6.7 pc in Q1: Govt data

India's gross domestic product slowed to a five-quarter low of 6.7 per cent in April-June this fiscal against 8.2 per cent in the year-ago period, mainly due to poor showing by the farm sector, according to government data.

India remains the fastest-growing major economy, as China's GDP growth in the April-June quarter was 4.7 per cent.

The agriculture sector recorded a 2 per cent growth, down from 3.7 per cent in the April-June quarter of 2023-24, as per the National Statistical Office (NSO) data released on Friday.

However, the growth in the manufacturing sector accelerated to 7 per cent in the first quarter of the current fiscal compared to 5 per cent in the year-ago period.

The previous GDP low was 6.2 per cent in January-March 2023.

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