Q1 FY2015 GDP came in at 5.7% YoY, which was a 9 quarter high supported by sharp recovery in domestic demand. Industry posted a strong recovery and both private consumption and capital formation showed robust growth. services sector growth likely to improve further going ahead. Overall GDP for FY2015 is likely to be robust with industry and services expected to continue on a strong footing, which will effectively offset any slack from farm sector growth on account of deficient Monsoons
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