RTTNews - India's Gross Domestic Product or GDP grew 5.8% for the fourth quarter ended March 31, 2009, government data stated. The quarterly GDP at constant price for the quarter is estimated at Rs.9,02,924 crore against Rs.8,53,785 crore in the same quarter last year.
The economic activities in construction sector with 6.8% growth, Trade, hotels, transport and communication with 6.3 % growth, financing, insurance, real estate and business services with 9.5% growth and Community, social and personal services with 12.5% are significant sectors that led to a overall 5.8% growth for the fourth quarter.
The agriculture, forestry and fishing sector grew 2.7% in the quarter ended March 31, 2009 and Mining & quarrying sector grew 1.6% while the manufacturing sector showed a negative growth of 1.4%.
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