Ummid Assistant

IDB scholarship forms available at Bhopal's Companion School

IGNOU's preparatory course for students desiring higher education

Welcome Guest! You are here: Home Business & Economy

Indian economy's growth slows to 5.5 percent in first quarter

Friday August 31, 2012 12:14:56 PM, IANS

New Delhi: The Indian economy grew at a much lower pace of 5.5 percent in the first quarter of this fiscal, as per official estimates of the country's gross domestic product (GDP) released Friday, against 8 percent in the like period of 2011-12.

The drop was mainly on account of a mere 0.2 percent growth in the manufacturing sector, against 7.3 percent in the previous fiscal, even as farm growth also dropped from 3.7 percent to 2.9 percent, showed the data of Central Statistical Organisation (CSO).

Surprisingly, construction and services sector, which includes insurance, finance and realty, grew at 10.9 percent and 10.8 percent, respectively. Output from these two groups had expanded by 3.5 percent and 9.4 percent in the first quarter of last fiscal.

 





 


 



 

Home | Top of the Page

Comments

Note: By posting your comments here you agree to the terms and conditions of www.ummid.com

Comments powered by DISQUS

i

i

 

More Headlines

Sunita Williams completes spacewalk outside ISS

Israelis attack Palestinian woman, tear her clothes off

Stopped by cops, clicked by media, Punjab girl commits suicide

Join armed forces, AMU chief says

Once in a blue moon, this Friday

Junk food could also damage brain, says study

Nine IAF men killed as two choppers collide

Assam journalists protest, boycott AAMSU for three months

Five held guilty for Delhi twin blasts in 2005

Wife relieved after Fahim Ansari's acquittal

20 years after militancy, bureaucrats keep Chandigarh 'disturbed'

 

Top Stories

Build global governance structures, India urges NAM

Admitting to deficits in global governance, India Thursday called on the Non-Aligned Movement (NAM) to "take the lead" in reforming international

Iranian, Egyptian presidents discuss NAM objectives, region

No fireworks on Syria at NAM summit: India

 

  Most Read

SP, Left to protest for restoring parliament normalcy

Samajwadi Party, the Left and TDP will demonstrate in the Parliament House complex Friday to demand the resumption of the house and a debate on the coal allocation issue. The parties Thursday  

Wife relieved after Fahim Ansari's acquittal

Expressing relief over Fahim Ansari's acquittal in the 26/11 terror attack on Mumbai by the Supreme Court, his wife Yasmin Thursday said she was glad he was acquitted. The apex court 

Had Kasab not been caught, terrorists might have passed as Indian Muslims: SC

 

  News Pick

Nine IAF men killed as two choppers collide

Nine defence personnel, including five officers, were killed Thursday when two Indian Air Force (IAF) helicopters collided mid-air near Jamnagar in Gujarat, in one of the worst such accidents in recent years, an official said.  

US hires private firms for 'dirty work': Russian diplomat

Allowing private security companies to work in conflict zones helps the US government "avoid responsibility" for violating the norms of international humanitarian law, a Russian diplomat has said.  

20 years after militancy, bureaucrats keep Chandigarh 'disturbed'

The threat of militancy ended years ago but Chandigarh continues to be tagged a 'disturbed area' -- thanks to the bureaucracy that wants it to be kept this way for its own benefits. The 'disturbed 

Supreme Court upholds Kasab's death sentence

The Supreme Court Wednesday upheld the death sentence of Ajmal Kasab, the only surviving Pakistani terrorist behind the 26/11 Mumbai strike that claimed 166 lives. "We are constrained to hold that the death penalty is the only sentence 

Had Kasab not been caught, terrorists might have passed as Indian Muslims: SC

 

Picture of the Day

Prime Minister Dr. Manmohan Singh with President of Iran Mehmoud Ahmadinejad, before a meeting, on the sidelines of the XVI Non-Aligned Movement (NAM) Summit, in Tehran, Iran on August 29, 2012.

 

 
 
 
 
 
 
 
 

RSS  |  Contact us

 

| Quick links

News

 

Subscribe to

Ummid Assistant

 

National

Science & Technology

RSS

Scholarships

About us

International

Health

Twitter

Government Schemes

Feedback

Regional

History

Facebook

Education

Register

Politics

Opinion

Newsletter

Contact us

Business

Career

Education

     

 

 

Ummid.com: Disclaimer | Terms of Use | Advertise with us | Link Exchange

Ummid.com is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2012 Awaz Multimedia & Publications. All rights reserved.