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India's FY 2014-15 GDP At 7.3%; Q4 GDP at 7.5%


India's GDP grew at 7.3 per cent for 2014-15 with the last quarter GDP (Q4) being placed at 7.5%.


India's FY 2014-15 GDP At 7.3%; Q4 GDP at 7.5%
Gross Fixed Capital Formation (GFCF) at current prices is estimated at Rs 36.02 lakh crore in 2014-15 as against Rs 33.68 lakh crore in 2013-14.

"The real GDP or GDP at constant (2011-12) prices in the year 2014-15 is now estimated at Rs 106.44 lakh crore (as against Rs 106.57 lakh crore estimated earlier on 9th February, 2015), showing a growth rate of 7.3percent (as against 7.4 percent estimated earlier) over the New Series/First Revised Estimates of GDP for the year 2013-14 of Rs 9.21 lakh crore, released on 30th January 2015," a government release has stated.

Much criticism has remained over the calculation of GDP. The Central Statistical Organisation had earlier in Feb said that India's GDP in 2013-14 grew 6.9 per cent instead of the earlier 4.7 per cent.

Several analysts had question the manner of calculation considering the fact that nothing had improved on the ground and industrial output continued to be weak.

The GDP estimates are more or less in line with estimates of most analysts.

Story first published: Saturday, May 30, 2015, 7:55 [IST]
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