India's GDP grows by 7.3 percent in 2014-15

[Anup Tiwari]

New Delhi: The Indian economy grew
by 7.3 percent during 2014-15 from
the 4.7 percent increase in the
previous fiscal, government data
showed on Friday.


News24online India News -News24Online - India's GDP grows by 7.3 percent in 2014-15

 

[Anup Tiwari]

The gross domestic product (GDP) --
which is a measure of the total
value of goods and services produced
in the country -- broke the sub-five
percent growth barrier after the last
two consecutive years.
According to the ministry of
statistics and programme
implementation, the GDP at constant
(2011-12) prices in the financial year
2014-15 is now estimated at
Rs.106.44 lakh crore -- showing a
growth rate of 7.3 percent over the
2013-14 figure of Rs.99.21 lakh crore.
In 2012-13, the GDP climbed by 4.5
percent.
The data also showed that the
economy expanded by 7.5 percent in
the fourth quarter of 2014-14, from
6.6 percent rise in the September-
December quarter.
The GDP had increased by 8.4
percent and 6.7 percent in the
second and first quarters of 2014-15,
respectively.