India logs 7.9 per cent growth in second quarter | business | Hindustan Times
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India logs 7.9 per cent growth in second quarter

Signs of an upturn in the Indian economy were reinforced on Monday with the official data on the country's gross domestic product (GDP) suggesting a 7.9 per cent growth in the second quarter of this fiscal. The growth compares favourably to 7.7 per cent recorded in the July-September quarter in the previous year.

business Updated: Nov 30, 2009 11:54 IST

Signs of an upturn in the Indian economy were reinforced on Monday with the official data on the country's gross domestic product (GDP) suggesting a 7.9 per cent growth in the second quarter of this fiscal.

The economy had registered a 6.1 per cent growth in the first quarter, taking the cumulative expansion for the first half of the current fiscal to an impressive 7 per cent, as per data released by the Central Statistical Organisation (CSO) in New Delhi.

The bulk of the recovery was led by a 9.2 per cent growth in manufacturing, while mining and construction activities also expanded by 9.5 per cent and 6.5 per cent, respectively. But agriculture continued to me a major drag with a mere 0.9 percent growth.