In India, the central government released the first estimate of GDP for the fiscal year 2017-18 on Friday. According to the Central Statistics Office (CSO), in this financial year, in the growth rate will be see deficiency. The growth rate will be around 6.5 percent. However, last year it was 7.1 percent. At the same time, the growth rate in 2015-16 was close to eight percent. It was 7.5 percent in 2014-15.

Explain that the second estimate of GDP with three quarter data will be released on February 28. The whole year's figures will be released in 2018. Due to poor performance of agriculture and manufacturing sector, the growth rate of GDP will be at the lower level of 6.5% in the current year of 2017-18. This will be the lowest growth rate during the tenure of the Narendra Modi government. The Narendra Modi government took charge in May 2014. experts are looking at it as a shock to India on the economic front.

"The growth rate of GDP in the current financial year is estimated to be 6.5 percent, which was 7.1 percent in the previous financial year," the CSO said on the GDP. On the basis of real gross value addition (GVA), growth in 2017-18 is estimated to be 6.1 percent, that was 6.6 percent in the previous year.

Economic activity is declining in the current financial year, due to the notes ban and after that implementation of goods and services tax (GST). According to the CSO data, the growth rate of agriculture, forest and fisheries sector is expected to come down to 2.1 percent in the current financial year, from 4.9 percent in the previous financial year. Apart from this, the growth rate of manufacturing is also expected to come down to 4.6 per cent, which was 7.9 per cent in 2016-17.

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