India's economic growth has dipped to 6.9 per cent in second quarter in comparison to 7.3 per cent in the first quarter in the current fiscal. According to the latest data released by the government today, India's GDP grew by just 6.9 per cent in the second quarter this fiscal in comparison to 8.4 per cent expansion in the same period last year. The Finance Minister, Mr. Pranab Mukherjee said that the slow down happened due to poor performance of the manufacturing, agriculture and mining sectors.Manufacturing growth slowed to 4.9 per cent during the first half this fiscal, in comparison to robust 9.1 per cent expansion in the first half of 2010-11.The mining and quarrying sector also declined by 0.5 per cent during the April-September period, compared to a growth of 7.7 per cent in the same period last fiscal.Furthermore, the agriculture, forestry and fishing sector grew by just 3.6 per cent in the first half, as against 3.7 per cent expansion in the first six months of 2010-11.Growth of the construction sector stood at 2.7 per cent during the first six months of 2011-12, compared to 7.2 per cent in the corresponding period last fiscal.The Reserve Bank has projected that the Indian economy will grow by 7.6 per cent in 2011-12. It had earlier projected GDP growth in Financial Year 2012 at 8 per cent, but later revised the figure downward on account of the global slowdown and high domestic inflation. The Indian economy had expanded by 8.5 per cent in the 2010-11 fiscal.