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GDP growth slows to 6.2 %in Q3
By agencies
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Thursday, 31 March 2005, 20:30 IST
NEW DELHI:India's economic growth slowed to 6.2 per cent in the October-December quarter from 11 percent in the year-ago period as a decline in farm output offset strong performances in manufacturing and services
The overall growth was also lower at 6.7 percent during April-December 04-05 as against 8.6 percent in the year-ago period, the Central Statistical Organization (CSO) said today.
The GDP, measured in constant prices, till December was at Rs 11,13,956 crore while it was Rs 20,61,721 crore in current prices.
The slowdown in GDP growth was mainly due to a 1.1 percent fall in farm output during October-December this fiscal over a handsome 18.2 percent growth in the year-ago period.
Manufacturing logged double-digit growth of 10.4 percent, while trade, hotel, transport and communication activities grew by 10.5 percent. Last years bad monsoon had an effect on Indias growth, the CSO said.