GDP growth slows to 6.2 %in Q3

By agencies   |   Thursday, 31 March 2005, 08:00 Hrs
Printer Print Email Email
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 year’s bad monsoon had an effect on India’s growth, the CSO said.

Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..