Saturday, January 30, 2016

Economy grew 7.2 per cent in 2014-15

The economy is estimated to have grown at 7.2 per cent in 2014-15 as against 6.6 per cent in 2013-14.

“Real GDP or GDP at constant (2011-12) prices for the years 2014-15 and 2013-14 stands at Rs.105.52 lakh crore and Rs.98.39 lakh crore, respectively, showing growth of 7.2 per cent during 2014-15, and 6.6 per cent during 2013-14,” said the Central Statistics Office on Friday in the first revised estimates of national accounts for 2014-15.

The provisional estimate released in May, 2015 had pegged GDP growth at 7.3 per cent in 2014-15.

Meanwhile, gross value added in 2014-15 is now estimated at 7.1 per cent in 2014-15 in the first revised estimate, marginally lower than the 7.2 per cent in the provisional estimate.

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