rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Economic growth declines to 5.5% in April-June

Economic growth declines to 5.5% in April-June

Last updated on: August 31, 2012 12:08 IST

Economic growth declines to 5.5% in April-June

     Next

Next

Showing persistent sluggishness, economy grew by 5.5 per cent in the April-June quarter this fiscal because of poor performance of manufacturing, mining and farm sectors.

The gross domestic product had expanded by 8 per cent in the April-June quarter of 2011-12.

During the quarter ended June 30, the manufacturing sector grew marginally by 0.2 per cent, against 7.3 per cent growth in the same period of 2011-12, according to the official data released on Friday.

Mining and quarrying sector recorded a growth of 0.1 per cent during the quarter under review, as against a contraction of 0.2 per cent in Q1 of 2011-12.

Click NEXT to read further. . .


Photographs: B Mathur/Reuters
Tags:

     Next

Economic growth declines to 5.5% in April-June

Prev     Next
Prev

Next

Farm production expanded by 2.9 per cent in the first quarter against 3.7 per cent in the same period last year.      

The trade, hotels, transport and communications segment also witnessed lower pace of growth at 4 per cent compared to 13.8 per cent expansion in the same quarter year-ago period.

The growth rate of electricity, gas and water supply also dipped to 6.3 per cent in Q1, from 8 per cent in the corresponding period last fiscal.

Click NEXT to read further. . .


Photographs: Reuters/Babu
Tags:

Prev     Next

Economic growth declines to 5.5% in April-June

Prev     More
Prev

More

However, the growth in the construction sector was robust at 10.9 per cent during Q1 of 2012-13, as against 3.5 per cent in the year-ago period.

Growth rate of services sector, including insurance and real estate, also improved to 10.8 per cent in the first quarter, from 9.4 per cent recorded in April-June quarter last fiscal.

Economic growth in the January-March quarter was at nine-year low of 5.3 per cent, as the provisional estimate released earlier.


Photographs: Reuters
Tags:

Prev     More
© Copyright 2013 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.