India's 2016-17 GDP growth unchanged at 7.1 per cent: Government data

India's 2016-17 GDP growth unchanged at 7.1 per cent: Government data

GDP

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Eight core sectors' growth slowed to 4 per cent in December 2017 from 5.6 per cent in the corresponding month of 2016, according to the government data.


India's annual economic growth in the fiscal year that ended in March 2017 was unchanged at 7.1 percent, a government statement said on Wednesday.

Eight core sectors' growth slowed to 4 per cent in December 2017 from 5.6 per cent in thecorresponding month of 2016, according to the government data.

The economic growth was expected to slow to a four-year low of 6.5 per cent in 2017-18, the lowest under the Modi-led government, mainly due to the poor performance of agriculture and manufacturing sectors.

The Gross Domestic Product (GDP) was 7.1 per cent in 2016-17 and 8 per cent in the preceding year. It was 7.5 per cent in 2014-15.

The Narendra Modi-led NDA government had assumed office in May 2014.