For the fiscal year ending March 31, 2018, the government revised its GDP growth forecast higher to 6.6 per cent from 6.5 per cent earlier.

India regained the status of the world's fastest-growing major economy in the October-December quarter, driven by a pick-up in growth in manufacturing and services sectors. Gross domestic product or GDP grew 7.2 per cent in in the October-December quarter from a year earlier, according to government data released on Wednesday. This is the highest quarterly growth recorded since July-September quarter of 2016-17. The growth rate is higher than what the Street had expected. A Reuters poll of more than 35 economists estimated the economy to grow 6.9 per cent in the October-December quarter.

China had recorded a growth of 6.8 per cent in the December quarter.

India's GDP or gross domestic product growth had fallen to a three-year low of 5.7 per cent in the April-June quarter due to destocking in the run-up to the July 1 launch of the goods and services tax (GST) and a lingering impact of demonetisation. But in July-September quarter, the economic growth picked up to a revised 6.5 per cent annually.

Meanwhile, for the fiscal year ending March 31, 2018, the government revised its GDP growth forecast higher to 6.6 per cent from 6.5 per cent earlier.

Source