Economy Overview
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The Indian economy posted a robust growth of 8.9 per cent in the second quarter (July- September) of the current financial year 2010-11 on the back of a strong performance of the farm and services sectors. The better-than-expected growth was driven by a robust farm output that grew by 4.4% during the quarter up from 0.9% in the corresponding period a year ago.

Manufacturing sector has grown by 9.8 per cent during the second quarter (July-September) as compared to 8.4 per cent during the same period last year (2009-10).Construction too grew by 8.8 per cent compared to 8.3 per cent. Mining and quarrying sector grew by 8.0 per cent in Q2 of 2010-11.

Among services, financial, insurance and real estate services expanded by 8.3 per cent, while community, social and personal services growth was registered at 7.3 per cent.

In the transport and communication sectors, the production of commercial vehicles, cargo handled at major ports, cargo handled by the civil aviation, passengers handled by the civil aviation and the total stock of telephone connections (including wireless local loop and cellular) registered growth rates of 4.5 per cent, 0.5 per cent, 25.3 per cent, 12.2 per cent and 38.7 percent, respectively in Q2 of 2010-11 over Q2 of 2009-10.

Aggregate bank deposits, and bank credits have shown growth rates of 14.3 per cent, and 19.0 per cent, respectively in Q2 of 2010-11 over Q2 of 2009-10

Table for the quarterly estimates of GDP at factor cost in Q2 (July-September) of 2010-11 (at 2004-05 prices) economic growth data.


 

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