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Saturday, 29 November 2014

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Q2FY15 GDP growth at 5.3% vs 5.7% in Q1, beats estimates

Indian economy has grown at 5.3 percent in the second quarter of the fiscal year as against 5.7 percent in the first three quarters and 5.2 percent on a year-on-year basis, the Central Statistics Office (CSO) data revealed on Friday. The GDP grew at 5.5 percent against 4.9 percent in the first half of the fiscal Y-o-Y.

Economic activities which registered significant growth in Q2FY15 over Q2FY14 are electricity, gas and water supply at 8.7 percent, construction at 4.6 percent, community, social and personal services at 9.6 percent and financing, insurance, real estate and business services at 9.5 percent.

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