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September 26, Wednesday 2018 4:45 PM       

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       GDP expands by 6.3% in Sep quarter
 
         Posted on :18:15:51 Nov 30, 2017
   
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       Last edited on:18:15:51 Nov 30, 2017
         Tags: GDP expands by 6.3% in Sep quarter
 

NEW DELHI: Reversing the five quarters of slowing GDP growth, Indian economy expanded by 6.3 per cent in July-September on the back of a pick-up in manufacturing.

The gross domestic product (GDP) growth had hit a three-year low of 5.7 per cent in the first quarter of 2017-18. It was 7.5 per cent in the September quarter of 2016-17.

According to Central Statistics Office (CSO) data, the economic activities that registered growth of over 6 per cent in the second quarter are manufacturing, electricity, gas, water supply, other utility services and trade, hotels, transport and communication, and services related to broadcasting.

The agriculture, forestry and fishing sector is estimated to have grown by 1.7 per cent.

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BUSINESS HEADLINES
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Union Bank of India exits Antwerp diamond market  
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FundzBazar crosses 2 lakh investors milestone  
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United Bank of India increases MCLR by five basis points  
RBI submitted a list of high profile fraud cases to PMO: Rajan  
Chemists call for strike on Sep28 against online medicine sale  
Rupee sinks to new low of 72.91, drops 22 paise against USD  
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FinMin in touch with RBI for market intervention to contain rupee value  
 
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