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GDP growth at 5.3% in Q2
Indian economy grew at a better- than-expected rate of 5.3 per cent in July-September quarter on account of improved performance of mining, power and certain services sector
New Delhi: Indian economy grew at a better- than-expected rate of 5.3 per cent in July-September quarter on account of improved performance of mining, power and certain services sector
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The Gross Domestic Product growth in the second quarter was better than 5.2 per cent of the same period last fiscal but was slower than 5.7 per cent rate achieved in April-June quarter of current fiscal. There were expectations that September quarter growth would fall to 5-5.1 per cent range.
According to data released here on Friday by the Central Statistics Office (CSO), the economic growth in first half (April-September) of this fiscal was 5.5 per cent as compared to 4.9 per cent in the same period in 2013-14. The mining sector grew by 1.9 per cent in July-September quarter compared a flat output in same period year-ago. During April-September, the sector grew by 2 per cent compared a contraction of 2 per cent in corresponding period of 2013-14.
However, manufacturing sector recorded a meagre growth of 0.1 per cent in the second quarter of 2014-15 as against a growth of 1.3 per cent in same period of 2013-14. During April-September period, the sector grew by 1.8 per cent compared to a growth of 0.1 per cent in first half of previous fiscal.
