19 April, 2014 07:37 IST
News

Source: rss (19-Apr-14)
Comments  |  Post Comment

Growth in GDP at factor cost at constant (2004-05) prices (real GDP) for the second quarter (Q2) of 2012-13 is placed at 5.3% as against 6.7% in Q2 of 2011-12. This is little lower than the growth rate of 5.5% achieved in Q1 of 2012-13 but at the same level as achieved in Q4 of 2011-12.

The growth rate for the first half (H1) of the current financial year works out to 5.4% as against 7.3% in the H1 of 2011-12.

''Overall, the growth rate is below our expectations,'' the Finance Ministry said.

At the sectoral level, the growth rate is 1.2% for agriculture and allied sectors, 2.8% for industry sector and 7.2% for services sector. The growth rates were 3.1%, 3.7% and 8.8% respectively for these sectors in Q2 of 2011-12.

''The reduction in growth in agriculture and allied sectors has been on account of rainfall being lower than normal particularly in June-July. The impact on the khariff crop has pulled down the growth rate,'' it added.

In the industry sector, growth has been lower mainly on account of a reduction in growth of manufacturing sector from 2.9% in Q2 of 2011-12 to 0.8% in the second quarter of the current year.

Although the growth rate of services sector showed some improvement in Q2 of 2012-13 vis-a-vis the Q1, it still remains below the trend level, the ministry said.


News
Reliance reports marginal increase in Q4 profit - 18-Apr-2014 18:17
CARE assigns ' BBB (SO)' to Jet Airways - 18-Apr-2014 16:17
CARE reaffirms 'BBB+ (Is)' to Ashiana Housing - 18-Apr-2014 16:10
CARE reaffirms 'AA+' to M&M - 18-Apr-2014 16:05
Chakan plant workers stoppage work is not strike: Bajaj Auto - 18-Apr-2014 15:57
FIIs cut stake in SAIL during March quarter - 18-Apr-2014 15:25
FIIs cut stake in Wockhardt during March quarter - 18-Apr-2014 14:46
FIIs cut stake in PNB during March quarter - 18-Apr-2014 14:29
Alstom bags 30 mn Euro contract from BHEL - 18-Apr-2014 13:40
CARE reaffirms 'A-' to Hatsun Agro Product - 18-Apr-2014 13:04
FIIs hike stake in Dr Reddy`s Lab during March quarter - 18-Apr-2014 12:49
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   355d4f into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer