Tuesday, August 30, 2011

India Q1 FY 2011-2012 GDP growth below 8 percent

India's economy grew by just 7.7% in the first quarter of the 2011-12 financial year, compared to 8.8% growth in the same three-month period last fiscal. 

The government has projected overall economic growth in the current fiscal at around 8.5%, while the Reserve Bank has projected the growth to moderate to 8% from 8.5% in FY'11.

The growth in the manufacturing sector dipped to 7.2% from 10.6% in the corresponding period of 2010-11.

Mining sector grew by just 1.8% during the quarter under review, as against 7.4% growth in the first quarter of the previous fiscal.

Agriculture sector expanded by 3.9% during the quarter under review, compared to 2.4% in the corresponding three-month period last fiscal.

Hotels, transport and communications segments grew by 12.8% in the quarter under review, up from 12.1% in the year-ago period.

The services sector, including insurance and real estate, grew by 9.1% in the June quarter this year, compared to 9.8% expansion in the corresponding period last year.

1 comment:

  1. Do you think anyone will be champion of Euro 2012?


15 Stock Investment Tips from Rakesh Jhunjhunwala

1. Always go against tide. Buy when others are selling and sell when others are buying.  2. If you believe in the growth prospects o...