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India’s Economy Clocked at 8.2% in Q1, Highest in 15 Quarters
September 19, 2018
Exceeding the expectations of all economists and industry experts, India’s economy grew at 8.2% during the quarter ending in June. This is the highest growth in the past 15 quarters. The previous high quarterly GDP growth was recorded during the second quarter of FY 2014-15 at 8.4%.
The impressive economic growth is attributed to the agriculture and manufacturing sectors that did really well. The former grew at 5.3% during Q1FY19 up from 4.5% in Q4FY18 while the latter clocked at 13.5%.
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