India's gross domestic product (GDP) grew higher than expected at 5.5% in the first quarter (April-June) of 2012-13 as against the consensus estimates of 5.3%. However, this growth figure has registered sharp decline from the robust 8% growth in the same quarter of the last financial year.
As per official data released by the Central Statistics Organization, the economic activities, which registered significant growth in Q1 of 2012-13 over Q1 of 2011-12, are construction at 10.9%, financing, insurance, real estate and business services at 10.8% and community, social and personal services at 7.9%. Further, the estimated growth rates in other economic activities are agriculture, forestry & fishing at 2.9%, mining & quarrying at 0.1%, manufacturing at 0.2% and electricity generation at 6.3% during this period.
No comments:
Post a Comment