Government Revises GDP Growth At 7.2% In 2017-18 From 6.7%

The authorities stated on Thursday that its estimate of GDP development for monetary 12 months 2017-18 stood at 7.2 per cent, as a substitute of 6.7% earlier. The Ministry of Statistics stated that GDP development in line with the First Revised Estimate stood at an upwards revised 7.2 per cent in 2017-18, as towards the Provisional Estimate of 6.7 per cent in May 2018. The authorities additionally revised the estimate of financial development for monetary 12 months 2016-17 to eight.2 per cent.

The authorities has stated it estimates GDP development to be at 7.2 per cent for the present monetary 12 months.

The Central Statistics Office (CSO), beneath the Ministry of Statistics and Programme Implementation, had earlier this month launched its First Advance Estimates of National Income 2018-19.

It will launch Second Advance Estimates for 2018-19, together with quarterly estimates for the primary three quarters of 2018-19 on February 28 this 12 months.

Also, Provisional Estimates for 2018-19 together with estimates for all of the 4 quarters might be launched on May 31, 2019, the Ministry of Statistics stated.

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