RTTNews - Monday, the Central Statistical Organization announced that India's gross domestic product grew at a faster pace in the first quarter.
The Indian economy expanded 6.1% from the year-ago period in the first quarter, larger than the 5.8% growth seen in the prior quarter. Economists had expected a yearly GDP rise of 6.2%.
The rise in GDP was mainly driven by mining and quarrying, which soared 7.9% in the first quarter in comparison to the prior year. Meanwhile, manufacturing reported an annual growth of 3.4%.
Other sectors that recorded significant increases include electricity, gas and water supply and construction. Electricity, gas and water supply grew 6.2%, while growth in construction was 7.1%. Trade, hotels, transport and communication increased 8.1%. Financing, insurance, real estate and business services also grew 8.1%.
On an annual basis, agriculture, forestry and fishing rose 2.4% in the first quarter.
For comments and feedback: contact email@example.com