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India's GDP grows 7.3 percent in Q3 of FY 2015-2016

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Staff writer ▼ | February 10, 2016
India's gross domestic product (GDP) grew by 7.3 percent in the third quarter of the 2015-16 fiscal year, according to official data.
Delhi street
Asia   The Central Statistics Office:
This was short of the 7.7 percent expansion in the previous quarter. The Central Statistics Office put growth rate of the 2015-16 fiscal year, which ends March this year, at 7.6 percent.

As per the official data released by the Central Statistics Office, the growth was pulled down by lower production in agriculture, forestry and fishing, electricity, gas and water supply and other utility services, financial, real estate and professional services.

Inadequate rainfall this year meant agriculture and allied activities registered negative growth of minus 1 percent in the quarter compared to a 2 percent growth in the previous one.

Besides, there was a 6 percent growth in electricity, gas, water supply and other utility services - as against 7.5 percent growth in the second quarter.