Indian economy grew at 7.7 percent during January-March quarter (Q4) of financial year 20171-18 compared to 6.1 percent a year ago, driven by gains in manufacturing and consumer spending, Central Statistics Office data showed on Thursday. However, the GDP growth for the entire fiscal of 2017-18 was at 6.7%, lower than 7.1 percent in 2016-17. The surge in oil prices has emerged as a major risk factor while the weakening rupee is further adding strain on the imports. The fourth quarter GDP numbers are the highest since demonetisation and GST roll out.

Indian economy grew at 7.7 percent during January-March quarter (Q4) of financial year 20171-18 compared to 6.1 percent a year ago, driven by gains in manufacturing and consumer spending, Central Statistics Office data showed on Thursday. However, the GDP growth for the entire fiscal of 2017-18 was at 6.7%, lower than 7.1 percent in 2016-17. The surge in oil prices has emerged as a major risk factor while the weakening rupee is further adding strain on the imports. The fourth quarter GDP numbers are the highest since demonetisation and GST roll out.