Indian economy expands 4.8%, beats forecastStaff writer ▼ |
GDP growth stood at 4.4% in the first quarter of current fiscal and 5.2% in the second quarter of fiscal 2013. Quarterly GDP at factor cost at constant 2004-05 prices for second quarter of 2013-14 is estimated at Rs 13.68 trillion as against Rs 13.05 trillion in the same period last year.
Financing, insurance, real estate and business services grew at 10%, followed by electricity, gas and water supply (7.7%); agriculture, forestry and fishing (4.6%); construction (4.3%) and trade, hotels, transport and communication (4%). On the other hand, mining and quarrying witnessed contracted 0.4% while manufacturing registered a subdued growth of 1%. ■