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India’s Oct-Dec GDP grows 6%

India’s Oct-Dec GDP grows 6%
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First Published: Fri, Feb 26 2010. 10 47 AM IST
Updated: Fri, Feb 26 2010. 10 47 AM IST
New Delhi: India’s economy grew by 6% in the quarter through December from a year earlier, as government spending and strong consumer demand boosted manufacturing activity and helped offset a contraction in farm output.
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The annual growth for India’s fiscal third quarter was below a median forecast of 6.8% in a Reuters poll.
Manufacturing output expanded by 14.3% in October-December, while farm output contracted by an annual 2.8%, government data showed on Friday.
The central bank expects the economy to expand by 7.5% this fiscal year that ends in March.
India’s economy grew 6.7% in 2008-09, slower than 9% or more in the previous three years.
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First Published: Fri, Feb 26 2010. 10 47 AM IST
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