Q3 GDP up 5.3% from a year earlier

27 Feb 2009 | 11:21 Q3 GDP up 5.3% from a year earlier
The gross domestic product (GDP) grew a slower than expected 5.3% in Q3 December 2008 over Q3 December 2007. The figure is sharply lower from 7.6% in Q2 September 2008 as the global economic crisis cut demand and exports.

The manufacturing sector fell 0.2% in in Q3 December 2008 over Q3 December 2007, while the farm sector contracted an annual 2.2%, government data showed on Friday, 27 February 2009.

India has estimated the economy to grow 7.1% in 2008/09, slowing from the 9% in the previous year.

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