India's Oct-Dec GDP grows 6 pct per year | business | Hindustan Times
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India's Oct-Dec GDP grows 6 pct per year

India's economy grew by 6 per cent in the quarter through December from a year earlier, as government spending and strong consumer demand boosted manufacturing activity and helped offset a contraction in farm output.

business Updated: Feb 26, 2010 11:12 IST

India's economy grew by 6 per cent in the quarter through December from a year earlier, as government spending and strong consumer demand boosted manufacturing activity and helped offset a contraction in farm output.

The annual growth for India's fiscal third quarter was below a median forecast of 6.8 per cent in a Reuters poll.

Manufacturing output expanded by 14.3 per cent in October-December, while farm output contracted by an annual 2.8 percent, government data showed on Friday.

The central bank expects the economy to expand by 7.5 per cent this fiscal year that ends in March.

India's economy grew 6.7 per cent in 2008/09, slower than 9 per cent or more in the previous three years.