• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Advertisement

New Delhi March 1 The GDP growth slowed to 8.6 per cent during the third quarter of the current fiscal compared with a 9.2 per cent increase posted during the second quarter of the current fiscal and a 9.3 per cent growth clocked during the corresponding period of the previous year.

According to the provisional data for the October-December quarter released by the Central Statistical Organisation, the dip in the year-on-year growth rate during the latest reported quarter was mainly on account of a plunge in farm and construction activity.

Farm Growth

Manufacturing rose 10.7 per cent in the third quarter compared with 8.2 per cent a year ago, while farm sector growth declined to a mere 1.5 per cent as against 8.7 per cent in the third quarter of 2005-06. In the services sector, construction growth slowed down to 9.8 per cent from 16.6 per cent, financial services rose by11.6 per cent compared with 9.8 per cent a year ago. Trade, hotels, transport and communication sector witnessed a growth of 13 per cent from 10 per cent a year ago.

Growth in the mining sector stood at 5.7 per cent compared with 2.7 per cent. Electricity, gas and water supply sectors registered a growth of 9.3 per cent compared with 5 per cent in the year-ago quarter.

Related Stories:
Economy set to grow at 9.2%
NCAER pegs GDP at 8.2 pc for 2006-07

More Stories on : Economy | Economy

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Public sector competition coming for low-cost airlines

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line