Govt calculates GDP rate at 7.2 pc in 2018-19


New Delhi, The Gross domestic Product (GDP) growth rate is estimated at 7.2 per cent in 2018-19 as against Rs 6.7 per cent in 2017-18, the Government said on Monday. Besides, the gross value added (GVA) rate was to be around 7 per cent in the current financial year 2018-19 as against 6.5 per cent in 2017-18, the Statistics and Programme Implementation Ministry said in the report of the First Advance Estimates of National Income at Constant (2011-12) and Current Prices, for the financial year 2018-19. GVA is the measure of national income and output that includes taxes and excludes subsidies. According to the Ministry, the sectors which registered growth rate of more than 7.0 per cent are ‘Electricity, Gas, Water Supply and Other Utility Services’, ‘Construction’, ‘Manufacturing’, 'Public Administration, Defence and Other Services’. The growth in the ‘Trade, Hotels, Transport, Communication and Services related to Broadcasting’, 'Financial, Real Estate and Professional Services', ‘Agriculture, Forestry and Fishing’ and ‘Mining and Quarrying’, is estimated to be 6.9 per cent, 6.8 per cent, 3.8 per cent and 0.8 per cent respectively, it added.