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Robin Baumgarten
The rate of economic growth decreased in comparison to the previous quarter, when it was 7.8% year over year.
The average prediction made by experts surveyed by Trading Economics was for a 6.5% increase in the Indian GDP between July and September.
The manufacturing sector in India grew by 13.9% in the latest quarter, followed by construction at 13.3%, mining at 10%, utilities at 10.1%, and real estate, finance, and professional services at 6%.
Because to the unfavorable weather, agriculture saw a weaker 1.2% growth rate.
India had increases in government spending by 12.4%, gross capital investment of 11%, exports of 4.3%, and imports of 16.7% between July and September.
There was a 3.1% increase in consumer spending.
source: timesofindia.indiatimes.com
The average prediction made by experts surveyed by Trading Economics was for a 6.5% increase in the Indian GDP between July and September.
The manufacturing sector in India grew by 13.9% in the latest quarter, followed by construction at 13.3%, mining at 10%, utilities at 10.1%, and real estate, finance, and professional services at 6%.
Because to the unfavorable weather, agriculture saw a weaker 1.2% growth rate.
India had increases in government spending by 12.4%, gross capital investment of 11%, exports of 4.3%, and imports of 16.7% between July and September.
There was a 3.1% increase in consumer spending.
source: timesofindia.indiatimes.com
