GDP Data of India : Q2 FY10 @ 8.8%

by khalid on 02/09/2010 · 0 comments

GDP

India’s GDP (Gross domestic product) for the Q2 FY10 grew at 8.8% compared with 7.9% in the Q2 FY09 ending June. GDP numbers show the pace at which the domestic economy is growing. If we split the GDP in different sectors, it is as follows….
1. Mining and quarrying at 8.9%,
2. Manufacturing at 12.4%,
3. Electricity, gas & water supply at 6.6%,
4. Construction at 7.5%,
5. Trade, hotels, transport and communication at 12.2%,
6. Financing, insurance, real estate and business services at 8.0%,
7. Community, social and personal services at 6.7%
8. Agriculture, forestry & fishing’ is estimated at 2.8% .

The GDP growth rate of India is expected to slow down in the rest of the fiscal year due to lower industrial output growth, tighter monetary policy and higher bases in the previous year.

Indian central bank is set to issue its first inter-quarter monetary review on 16 September 2010 with a possible hike interest rate or cash reserve ratio.

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