GDP growth shows pick up from 7% growth recorded in the previous quarter
India's gross domestic product (GDP) improved 7.4% in the quarter ended September 2015 over corresponding quarter of the last year. The GDP growth has shown a pick up from 7% growth recorded in the previous quarter ended June 2015. Meanwhile, the GDP growth remained below 8.4% rise recorded in the corresponding quarter of the last year.The sectors which registered growth of over 7.0% in Q2FY2016 over Q2FY2015 are 'trade, hotels and transport & communication and services related to broadcasting', 'financial, insurance, real estate and professional services' and 'manufacturing'. 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%, 3.2%, 6.7%, 2.6% and 4.7%, respectively in Q2FY2016.
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