GDP growth at decade low figures in Q3

In the third quarter of the fiscal year 2012-13, the GDP grew at a decade low pace of 4.5%.  

The quarterly GDP for Q3 is Rs. 14,11,594 crore, as against Rs. 13,51,252 crore in the third quarter of the fiscal year 2011-12. Sectors such as ‘financing, insurance, real estate and business services’ (7.9%) and ‘construction’ (5.8%) ‘community, social & personal services’ (5.4%) ‘trade, hotels, transport and communication’ (5.1%) and ‘electricity, gas & water supply’ (4.5%) grew significantly in Q3 of 2012-13 over the Q3 of 2011-12.

The GDP at factor cost, in the April-December Period is 4033390 crore. The Gross Fixed Capital Formation (GFCF) at current prices in the Q3 or 2012-13 is estimated at Rs. 7, 55,466 crore as against Rs. 6, 75,030 crore in Q3 of 2011-12.