Indian economy grew by 8.8 per cent during the quarter ended June on the back of robust manufacturing growth. As per the latest data released by the government, agriculture and allied activities grew by 2.8 per cent which is 1.9 per cent higher than last year. However, certain sectors like financial services restrained the growth in economy. Manufacturing expanded by strong 12.4 per cent in April-June, 2010 against a mere 3.8 per cent growth rate in the same period last year. Construction too grew by 7.5 per cent compared to 4.6 per cent.Among services, financial, insurance and real estate services expanded by just 8 per cent, against a growth rate of 11.8 per cent in the year-ago quarter. However, the community social and personal services growth slowed down to 6.7 per cent, against 7.6 per cent a year ago.Trade, hotels and communication services rose by 12.2 per cent, against 5.5 per cent during April-June 2009.