Manufacturing sector saw robust growth as India's GDP grew faster than China, at 7.4%
Advertisement
Advertisement
While some world economies are suffering from a slowdown, India is experiencing a surge in its GDP. India's Gross Domestic Product (GDP) grew at 7.4% for the second quarter of the current financial year. Manufacturing sector experienced the most robust growth with a growth rate of 9.3% versus 7.9% YoY. Agricultural sector growth was reported at 2.2% versus 2.1% YoY.
"The growth in the 'agriculture, forestry and fishing', 'mining and quarrying', 'electricity, gas, water supply & other utility services, 'construction' and 'public administration, defence and other services' is estimated to be 2.2 per cent, 3.2 percent, 6.7 per cent, 2.6 per cent and 4.7 per cent, respectively, during this period," the release added.
Sharp falls in the cost of oil and gold imports are reducing the trade deficit and giving a net boost to economic activity.
Consumer
Advertisement
(Image credits: Indiatimes)
Advertisement
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance