Indian economy grew by 8.9 per cent in the second quarter of the current fiscal, up from 8.7 per cent in the corresponding period a year ago. Driven by good performance of agriculture and manufacturing, the growth rate for the first quarter was revised upwards to 8.9 per cent from 8.8 per cent. According to the data released by the government today, farm sector during the second quarter recorded a growth rate of 4.4 per cent, up from 0.9 per cent in the corresponding period a year ago. The manufacturing sector during the same period recorded a growth rate of 9.8 per cent as compared to 8.4 per cent during the same period last year. Although the government expects the growth to top 8.5 per cent in the current fiscal, it may exceed the estimates if the present trend continues.
News On AIR | November 30, 2010 5:08 PM
Indian economy grows by 8.9 per cent in second quarter of current fiscal