India s Economic growth rebounds GDP growth jumped to 9-quarter high of 5.7

India-s economic growth rebounded sharply in the first quarter (April-June) of the current financial year to 5.7% due to strong output by manufacturing and services sectors and steps taken by the new government to boost economic growth. This is the highest quarterly GDP growth in last 9 quarters, also much higher compared to GDP growth of 4.6% in the previous quarter and GDP growth of 4% in the same quarter last year.


The manufacturing sector, which accounts for nearly 14% of the economy, grew by 3.5% in the same quarter compared to 1.4% contraction in the previous quarter. The services sector, which accounts for nearly 60% of the economy, grew by 6.8% in the same quarter compared to 6.4% growth in the previous quarter. This is a good news for the economy and newly elected NDA government. Government has to take more measures now to booth investment and economic growth.


Check the link to see sector wise growth in the same and previous quarters:


http://currentaffairs-businessnews.com/indias-quarterly-gdp-growth-fy14-and-fy15/