The Indian economy grew at five quarter high of 7.2 per cent in the October-December period reflecting overall recovery due to good show by agriculture, manufacturing, construction and certain services.

The gross valued added for manufacturing in the quarter under review grew at 8.9 per cent higher than 6.9 per cent in the previous quarter.

Similarly, the farm sector GVA grew at 4.1 per cent compared to 2.7 per cent in the previous quarter.

The construction sector recorded a growth of 6.8 per cent, higher than 2.8 per cent in previous quarter.

The services segment including financial services grew at rate of 6.7 per cent up from 6.4 per cent in previous quarter.

Responding to the data released, the Finance Ministry has stated that robust growth in manufacturing and significant acceleration in construction mark a turnaround in the country’s economic growth momentum.

Union Minister Piyush Goyal tweeted, “India’s GDP growth momentum continues strongly & sustainably – jumps to 7.2% in 3rd quarter of 2017-18, makes India the fastest growing large economy in the world. Under leadership of PM @narendramodi see even stronger economic growth in the future #IndiaonFastTrack.”