India’s quarterly GDP growth seems disappointing, says Garg
GDP grew a lower-than-expected 7.1% in the quarter on an annualised basis, from a more than two-year high of 8.2% in the previous quarter
New Delhi: India’s growth in the July-to-September quarter “seems disappointing," economic affairs secretary Subhash Chandra Garg said in a tweet on Friday.
Earlier, government data showed that Asia’s third-largest economy grew a lower-than-expected 7.1% in the quarter on an annualised basis, from a more than two-year high of 8.2% in the previous quarter.
Garg, one of the finance ministry’s top officials, however, said manufacturing growth at 7.4% and agriculture growth at 3.8% were “steady".
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.
×![]()