Monthly Archives: May 2010

India’s Q4 GDP grows at 8.6% y-o-y

India’s economy grew an expected 8.6% in the March quarter from a year earlier, driven by robust manufacturing sector on the back of government and consumer spending.

The manufacturing sector grew 16.3 percent in January-March from a year earlier, while farm output rose an annual 0.7 percent.

For the full year to March, the economy expanded 7.4%, above a government forecast of 7.2%.

Economic growth slowed down to 6.7% in 2008-09 after over 9% growth in the previous three fiscals as it came under the impact of global financial crisis.

Government stimulus to the industry pushed growth to 7.9% in the second quarter of 2009-10, much higher than 6.1% in the first quarter. However, growth again slipped to 6% in the third quarter as agriculture production contracted by 2.8% and community, social and personal services slipped by 2.2%.