India Economic Growth Accelerates in Q1

India's GDP advanced 7.5 percent year-on-year in the first quarter of 2015, up from a downwardly revised growth of 6.6 percent in the previous period supported by a strong expansion in manufacturing and services sectors.

Manufacturing production grew by 8.4 percent  while farm output was down by 1.4 percent.

Trade, hotels and other non-financial services grew 14.1 percent and financial services were up by 10.2 percent. Mining and quarrying output expanded 2.3 percent while electricity, gas and water supply was up by 4.2 percent.

Public administration and defence were up 0.1 percent, down from a 19.7 percent growth rate in the previous quarter mainly due to fall in total expenditure of central government.

Construction advanced 1.4 percent compared to 3.1 percent in Q4 of 2014. The key indicators of construction sector, namely, cement and consumption of finished steel registered a growth of 5.6 percent and 3.1 percent, respectively.

India Economic Growth Accelerates in Q1

Mospi | Nuno Fontes |
5/29/2015 2:26:08 PM