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Modi Brings 'Acche Din' Of Economy As India Clocks 7.5% Growth in Jan-Mar Quarter, Overtakes China

NEWS WORLD INDIA | 0
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| May 29 , 2015 , 19:20 IST
[caption id="attachment_45049" align="aligncenter" width="700"]India GDP In 2012-13, the GDP climbed by 4.5 per cent. (Image source: AP)[/caption] The Indian economy grew by 7.3 per cent during 2014-15 from the 4.7 per cent increase in the previous fiscal, government data showed on Friday. 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 per cent over the 2013-14 figure of Rs.99.21 lakh crore. In 2012-13, the GDP climbed by 4.5 per cent. The data also showed that the economy expanded by 7.5 percent in the fourth quarter of 2014-14, from 6.6 per cent rise in the September-December quarter. The GDP had increased by 8.4 per cent and 6.7 per cent in the second and first quarters of 2014-15, respectively.

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