INDIAN ECONOMY GROWS 4.7 % IN 3RD
QUARTER OF CURRENT FISCAL
The Indian economy grew 4.7
per cent in the third quarter of this financial year. The growth was
mainly due to improved performance in agriculture and services sectors. The
country's gross domestic product (GDP) had expanded 4.8 per cent in the
July-September quarter and 4.4 per cent in April-June.
According to official data released by the Central Statistics Office, CSO, on
Friday growth in the first nine months from April to December was 4.6 per cent
compared with 4.5 per cent in the same period a year ago.
The CSO, in its advance estimates, puts GDP growth at 4.9 per cent. Farm sector
output expanded 3.6 per cent in October-December as compared with 0.8 per cent
in the corresponding period of the previous financial year.
The growth in manufacturing sector however declined to 1.9 per cent in the
third quarter as against a growth of 2.5 per cent a year ago. The output of the
sector also contracted 0.7 per cent in the first nine months.
Growth in electricity, gas and water supply was 5 per cent compared with 2.6
per cent a year earlier.