Indian economy has gained at 7.3% during the first quarter of fiscal 2016-17. Gross domestic product (GDP) growth has declined in the first quarter from 7.6% growth as compared to the growth in first quarter of fiscal 2015-16.

The economic activities which registered growth of over 7.0 percent in Q2 of 2016-17 over Q2 of 2015-16 are 'public administration, defence & other services', 'financial, insurance, real estate and professional services', 'manufacturing' and 'trade, hotels and transport & communication and services related to broadcasting'.

The growth in the 'agriculture, forestry and fishing', 'mining and quarrying', 'electricity, gas, water supply & other utility services,  and 'construction'   is estimated to be 3.3 per cent,  (-)1.5 percent, 3.5 per cent and  3.5 per cent  respectively, during this period.