India's GDP growth slows to 7%
It is slower than the previous quarter where it saw a 7.5% expansion.
"The economic activities which registered growth of over 7 percent in Q1 of 2015-16 over Q1 of 2014-15 are ‘manufacturing’, ‘trade, hotels and transport & communication and services related to broadcasting’ and 'financial, insurance, real estate and professional services'," read a normal government released o Monday.
"The growth in the ‘agriculture, forestry and fishing’, ‘mining and quarrying’, ‘electricity, gas, water supply & other utility services, ‘construction’ and 'public administration, defence and other services’ is estimated to be 1.9 per cent, 4.0 percent, 3.2 per cent, 6.9 per cent and 2.7 per cent respectively during this period," it said.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
