On the demand side, domestic consumption remained the primary growth driver, but gross fixed capital formation and exports both made growing contributions.
Slower than anticipated GDP growth raises concerns about fiscal deficit breach yet again, even as tax and non-tax revenue cont inue to disappoint.
His statement came a day after the economic growth of India slowed to a low of 6.6 per cent in the October-December period of the current fiscal year 2018-19.
Even the slower fourth-quarter expansion was better than expected, as economists had predicted lackluster consumer spending over the holiday period would take a deeper cut out of growth.
Downward revision of current fiscal growth does not indicate economic slowdown: Economic Affairs Secretary
The Central Statistics Office (CSO), which releases the national account data, had last month revised its forecast for GDP growth for 2017-18 to 7.2 per cent from the earlier estimate of 6.7 per cent.
According to the Central Statistics Office, the real GDP at constant prices grew by Rs 8.82 lakh crores from 2016-17 to 2017-18.
According to Niti Aayog Vice-Chairman Rajiv Kumar, the focus of the government in 2019 will be to expedite reforms with a view to accelerate growth.
In January -March quarter the growth was 7.7 per per cent, while it was at 7 per cent in October-December last year.
Former Union finance minister P Chidambaram said Saturday that the GDP growth, reported at 8.2 per cent in April-June quarter, can decline going forward.
The Indian economy grew at a 15-quarter high of 8.2 per cent in the April-June quarter of current fiscal on good show by manufacturing and farm sectors, according to the government data.
The country's economy is on steady growth path, Economic Affairs Secretary S C Garg said while commenting on the April-June quarter growth number.
Giving an overview of the South Asian countries, Bhutan, Nepal, Bangladesh and Sri Lanka, Subhash Chandra Garg said India continued to be a beacon of growth in the region.
The minister said the impact of the Demonetisation and GST reforms is behind us and that the country can look forward to upward growth.
The former Finance minister said that we should wait for the growth rates over the next 3-4 quarters before reaching a definite conclusion.