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India’s GDP growth slows to 5.3pc in July-September quarter

GDPIndian economy grew at 5.3 per cent in July-September quarter of 2014-15 as against 5.7 per cent in the previous quarter, government data showed on Friday.

According to the latest estimates available on the Index of Industrial Production (IIP), the index of mining, manufacturing and electricity, registered growth rates of 1.3 per cent, 0.1 per cent and 9.4 per cent, respectively in Q2 of 2014-15.

The economic activities which registered significant growth in Q2 of 2014-15 over Q2 of 2013-14 are ‘electricity, gas and water supply’ at 8.7 per cent, ‘construction’ at 4.6 per cent, ‘community, social and personal services’ at 9.6 per cent and ‘financing, insurance, real estate and business services’ at 9.5 per cent.

The growth rates in ‘agriculture, forestry and fishing’ is estimated at 3.2 per cent, ‘mining and quarrying’ at 1.9 per cent, ‘manufacturing’ at 0.1 per cent and ‘trade, hotels, transport and communication’ at 3.8 per cent in this period.

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