Indian economy grew at 7.1% in 2016-17, Q4 GDP growth at 6.1%-The Total Investment & Insurance Solutions

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31 May 2017

India's gross domestic product during the past fiscal grew at a lower rate of 7.1%, the official statistician said on Wednesday. The Total Investment & Insurance Solutions

"Real GDP at constant (2011-12) prices for the year 2016-17 is estimated at Rs121.90 lakh crore showing a growth rate of 7.1% over the year 2015-16 of Rs113.81 lakh crore," the Central Statistics Office said in a statement. The Total Investment & Insurance Solutions

In terms of gross value added (GVA), which excludes indirect taxes, the growth came in even lower at 6.6% over the GVA for 2015-16. The Total Investment & Insurance Solutions

The GDP growth for the fourth quarter of last fiscal also fell more sharply to 6.1%.The Total Investment & Insurance Solutions