India's GDP growth rises to 7.2% in December quarter

A representative image Photograph:( Zee News Network )

WION Web Team New Delhi, Delhi, India Feb 28, 2018, 12.27 PM (IST)

After falling to a three-year low in the June quarter, India's GDP growth rose to 7.2 per cent in the December quarter (Q3), data from the central statistics office showed Wednesday.

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The Indian economy grew at 6.3% in the September quarter after falling to a three-year low of 5.7% in the June quarter. 

The figures will be a big boost for the Narendra Modi-led government as several critics were not convinced that the country's economy is moving on a sustainable path. 

But the consistent economic growth indicates that the economy has moved on from the twin policy shocks of demonetisation in November 2016 and GST rollout on 1 July 2018.

As of now, the growth expected for the year 2018 is estimated to be at 6.6 per cent. 

The International Monetary Fund (IMF) recently said that it expected India’s economic growth to reach 7.4 percent and 7.8 percent in 2018 and 2019, respectively.