The GDP growth data of India for the first quarter of Fy13 is announced today. India Registered Growth of 5.5% in June Quarter as against 5.3 % registered in March 12 quarter. It was expected by the market to be little lower but 5.5% rate has surprised many. The yearly target is 6.5% for FY13 and India need to cover it up in the next three quarter.
Agriculture has grown by 2,9%
Industry has grown by 3.9%
Service sector has grown by 6.9%
It is expected that lower GDP growth will continue in next quarter also as no big change has happened and is expected in this period . Growth may come in December quarter. It is expected that in full year FY13 Growth rate will be around 6%.
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