Headlines
India logs 7 percent in first quarter
New Delhi, Aug 31 (IANS) The Indian economy logged a
7-percent growth in the first quarter of the this fiscal, showing signs
of slowing vis-a-vis the 7.5-percent expansion in the quarter before.
But the growth was much higher than 6.7 percent registered in the first
quarter of last fiscal.
As per official data on gross domestic
product (GDP) released by the Ministry of Statistics and Programme
Implementation, the growth of 7 percent was led mainly by a 12.8-percent
expansion in commercial services, 8.9 percent in financial services and
7.2 percent in manufacturing output.
The farm sector expanded by
1.9 percent, below the overall growth rate, and so did the mining
industry (by 4 percent), energy by (3.2 percent) and construction (by
6.9 percent), and social and defence services (by 2.7 percent).
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