India's GDP grows 4.8%
Mumbai - XINHUA
India's gross domestic product (GDP) grows 4.8 percent during the second quarter of 2013-14 fiscal year, or from July to September, said Central Statistical Office (CSO) on Friday. This is in line with most economists' expectations. GDP growth for the first quarter of the fiscal year had been reported at 4.4 percent. The GDP growth for the period April-September now stands at 4.6 percent. This is the fourth successive quarter of economic growth below 5 percent, far below the desired 8 percent that India government need to revive the nation. According to released data, the manufacturing sector of the economy grew merely at 1 percent, while the services sector grew at 5.9 percent.
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