India's June quarter GDP up 9.3 per cent | business | Hindustan Times
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India's June quarter GDP up 9.3 per cent

business Updated: Aug 31, 2007 14:43 IST

Reuters
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India's economy in the April-June quarter grew a faster-than-expected 9.3 per cent from a year earlier, led by robust manufacturing and services expansion and steady farm growth.

The growth rate for India's fiscal first quarter published on Friday was higher than a median forecast of 8.9 per cent in a Reuters poll, and was above growth of 9.1 per cent in the previous quarter.

Key points:

- Annual farm output in April-June up 3.8 per cent

- Annual manufacturing in April-June up 11.9 per cent

- Construction up 10.7 per cent annually

- Trade, hotels, transport, communications up 12.0 per cent

- Financing, insurance, real estate, business services up 11.0 per cent

- Community, social, personal services up 7.6 per cent

- Mining, quarrying up 3.2 per cent

- Electricity, gas, water supply up 8.3 per cent