Q3 GDP recorded 6% growth rate
Quarterly GDP at factor cost at constant (2004-05) prices for Q3 of 2009-10 is estimated at Rs. 11,58,764 crore, as against Rs. 10,93,167 crore in Q3 of 2008-09, showed a growth rate of 6.0% over the corresponding quarter of previous year.The economic activities which registered significant growth in Q3 of 2009-10 over Q3 of 2008-09 are, 'mining & quarrying' at 9.6%, 'manufacturing' at 14.3%, 'construction'at 8.7%, 'trade, hotels, transport and communication' at 10.0%, and 'financing,insurance, real estate and business services' at 7.8%. The growth rate in 'agriculture, forestry & fishing' and 'community, social and personal services' is estimated at (-) 2.8% and (-) 2.2%, respectively in this period. The fall in the growth of ''community, social andpersonal services' is mainly on account of high base in Q3 of 2008-09, following the implementation of Sixth Central Pay Commission's recommendations. The GDP growth rate during April-December 2009 stood at 6.7% compared with 7.1% during the same period last year. Powered by Capital Market - Live News
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