India GDP Growth Beats Expectations


The Indian economy expanded 7.4 percent year-on-year in the three months to September of 2015, following an upwardly revised 7.1 percent expansion in the second quarter. Figures came better than market expectations of a 7.3 percent increase, boosted by financial, real estate and insurance activities and manufacturing.

Activities in financial, insurance, real estate and professional services advanced 9.7 percent (8.9 percent in Q2); trade, hotels, transport and communication and services related to broadcasting went up 10.6 percent (12.8 percent in Q2); manufacturing grew 9.3 percent (7.2 percent in Q2); public administration, defence and other services increased 4.7 percent (2.7 percent in Q2) and agriculture, forestry and fishing rose 2.2 percent (1.9 percent). Moreover, the construction sector increased 2.6 percent (6.9 percent in Q2); mining and quarrying went up 3.2 percent (4 percent in Q2) and utilities production rose 6.7 percent (3.2 percent in Q2) 

On the expenditure side, private consumption rose 6.8 percent and government spending increased 5.2 percent. Gross fixed capital formation went up 6.8 percent.

 India GDP Growth Beats Expectations


Joana Taborda | joana.taborda@tradingeconomics.com
11/30/2015 12:45:35 PM