The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the estimates of Gross Domestic Product (GDP) for the first quarter of current financial year. GDP at constant prices for April to June this year rose by 7 percent compared to a growth rate of 7.1 percent for the same period in last fiscal. GDP at constant prices at the end of first quarter in june this year stood over 27 lakh crore rupees.
The economic activities which registered growth of over 7 percent in first quarter of current financial year are manufacturing, trade, transport & communication and services related to broadcasting and financial, insurance, real estate and professional services.
In the same period Agriculture, forestry and fishing’ sector grew by 1.9 percent as compared to growth of 2.6 percent in first quarter of last financial year. Mining and quarrying sector grew by 4.0 percent as compared to growth of 4.3 percent in first quarter of 2014-15 and Manufacturing sector grew by 7.2 percent as compared to growth of 8.4 percent in first quarter of last fiscal.