Indian Economic Growth Decelerates in Q1



In the first quarter of 2014, India's GDP growth slowed to 4.6 percent yoy from a 4.7 percent expansion registered in the previous period. The output was mainly hurt by a contraction in the manufacturing sector.

On an annual basis, finance, insurance, real estate and business activities grew 12.4 percent (down from 14.1 percent in the previous period), followed by electricity, gas and water supply (7.2 percent, compared with 5.0 percent in Q3) and agriculture, forestry and fishing (6.3 percent, up from 3.7 percent) as the fastest growing sectors.

In contrast, manufacturing contracted 1.4 percent (slightly up from -1.5 percent a quarter earlier) and mining and quarrying production fell 0.4 percent (up from -1.2 percent).

Indian Economic Growth Decelerates in Q1


Ministry of Statistics | Nuno Fontes | nuno@tradingeconomics.com
5/30/2014 1:51:26 PM