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GDP grows at 5.7% in April-June quarter this year, the highest in last nine quarters

Friday, 29 August 2014 - 5:55pm IST | Place: Mumbai | Agency: dna webdesk

The gross domestic product (GDP) of India for April-June quarter of 2014-15 grew by 5.7% as opposed to 4.7% growth for the same quarter last year. This is the highest growth in GDP since the fourth quarter of 2012 fiscal year. This is also a big leap from the 4.6% growth in the last quarter of 2014.

The agricultural sector grew by 3.8% compared to the same quarter last year.

The manufacturing sector grew by 3.5% compared to the same quarter last year.

The construction sector grew by 4.8%.

Mining and quarrying grew by 2.1%.

Trade, hotels, transport  and  communication grew by 2.8%.

Major growthw as witnessed in the electricity, gas and water supply which grew by 10.2%. Financing,  insurance,  real  estate  and business services grew at 10.4%. Community,  social  and  personal services grew at 9.1%.



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