New Delhi: India`s economy grew 6.1 percent in the three months through March from a year earlier, slowing from a provisional 7 percent in the previous quarter, government data showed on Wednesday.
For the 2016/17 fiscal year ending in March, growth came in at 7.1 percent in line with the official estimate. The economy grew a revised 8 percent in 2015/16.
“Real GDP at constant (2011-12) prices for the year 2016-17 is estimated at Rs 121.90 lakh crore showing a growth rate of 7.1 percent over the year 2015-16 of Rs 113.81 lakh crore,” the Central Statistics Office said in a statement.
In terms of gross value added (GVA), which excludes indirect taxes, the growth came in even lower at 6.6 percent over the GVA for 2015-16.