India's Q2 GDP growth rises to 6.3%, reverses 5 quarters' slump

Breaking a five quarters slump, a rise in the manufacturing sector's output pushed India's growth rate higher to 6.3 per cent during the second quarter of 2017-18, official data showed on Thursday.

On a sequential basis, India's GDP growth for Q2 of the current fiscal went up to 6.3 per cent, from 5.7 per cent reported during the first quarter of 2017-18.

According to data from the Central Statistics Office (CSO), the GDP for Q2 stood at Rs 31.66 lakh crore, or a growth of 6.3 per cent.

"The economic activities which registered growth of over 6 per cent in Q2 of 2017-18 over Q2 of 2016-17 are 'manufacturing', 'electricity, gas, water supply & other utility services' and 'trade, hotels, transport & communication and services related to broadcasting'," the document on the estimates of GDP for the Q2 of 2017-18 said.

"The growth in the 'agriculture, forestry and fishing', 'mining and quarrying', 'construction', 'financial, insurance, real estate and professional services' and 'public administration, defence and other services' is estimated to be 1.7 per cent, 5.5 per cent, 2.6 per cent, 5.7 per cent and 6 per cent respectively, during this period," the data said.

--IANS

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