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GDP expanded by 4.8% in 2nd quarter
Nov 30, 2013

Indian economy grew by 4.8 per cent in the second quarter due to improved performance of farm,

manufacturing, construction and services sectors. The gross domestic product (GDP) had expanded by 4.4 per cent in the April-June quarter of this fiscal and 5.2 per cent in July- September quarter last fiscal.

The manufacturing sector posted a growth of one per cent in the second quarter of July-September this year as against almost flat growth 0.1 per cent in output year ago.

The growth rate in the services sector, including financing, insurance and real estate, stood at 10 per cent in as against 8.3 per cent in same quarter of 2012-13.

The construction sector expanded 4.3 per cent as against 3.1 per cent in the year-ago period.

Growth in electricity, gas and water supply was 7.7 per cent in the July-September quarter compared with 3.2 per cent in the same quarter of 2012-13.

Various measures aimed at boosting the economy have been taken by GOI. In 2014-15, growth is predicted to be close to 6%. In 2015-16, it will be close to 7% and a year after we will be back to a high growth rate of 8%.

 


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