India's economy grew 6.1% in the December quarter, the lowest level in more than two years. During the Oct-Dec quarter of previous
fiscal (2010-11), the economy grew by 8.3 %. Lower growth was primarily due to sharp decline in manufacturing sector for a 0.4%
from 7.8% in the corresponding period of 2010-11. The mining and quarrying sector contracted by (3.1%) during the period as
against 6.1 % in the corresponding quarter of the previous fiscal. Agriculture growth declined to 2.7%, down from 11% in the yearago
period. The trade and hotels industries fared better at 9.2%, while construction slowed marginally from 8.7% to 7.2%. The
services sector grew at 8.9% as compared to 7.7% at year-ago. Gross Fixed Capital Formation was also down 1.2% from the same
period last year.
Trends
