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India's GDP grows better-than-expected 4.8% in Sep quarter

November 29, 2013 17:54 IST

India's GDP grows better-than-expected 4.8% in Sep quarter

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India's economy grew higher-than-expected 4.8 per cent in the three months through September, helped by an uptick in agriculture and construction, government data showed on Friday.

Analysts polled by Reuters had forecast a growth of 4.6 per cent.

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Image: A labourer removes tri-coloured curtain after the Republic Day parade in Kolkata.
Photographs: Parth Sanyal/Reuters

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The Indian economy is struggling to rebound from a long slowdown.

Economic growth virtually halved in two years to 5 per cent in the fiscal year -- the lowest level in a decade -- and most economists surveyed by Reuters last month expect 2013/14 to be worse.

Manufacturing rose 1 per cent during the quarter and mining fell by 0.4 per cent, the data showed, while farm output rose 4.6 per cent.


Image: Finance Minister P Chidambaram.
Photographs: Reuters

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