India GDP
Gross domestic product (GDP) during the April-June FY17 slowed to 7.1 percent from 7.5 percent in the same quarter last year and 7.9 percent in the fourth quarter of FY16. Agriculture, construction and mining proved to be major drags.
Gross value added (GVA) was down to 7.3 percent from 7.4 percent year-on-year and 7.2 percent in fourth quarter FY16.
Agriculture sector growth dipped to 1.8 percent from 2.3 percent QoQ while construction also lagged with mere 1.5 percent growth versus 4.5 percent QoQ.
Mining sector saw a contraction with growth plunging to 0.4 percent from 8.6 percent in the last quarter (QoQ).
Services sector, however, saw a strong growth at 9.6 percent compared to 8.7 percent QoQ.
Gross value added (GVA) was down to 7.3 percent from 7.4 percent year-on-year and 7.2 percent in fourth quarter FY16.
Agriculture sector growth dipped to 1.8 percent from 2.3 percent QoQ while construction also lagged with mere 1.5 percent growth versus 4.5 percent QoQ.
Mining sector saw a contraction with growth plunging to 0.4 percent from 8.6 percent in the last quarter (QoQ).
Services sector, however, saw a strong growth at 9.6 percent compared to 8.7 percent QoQ.
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