India's Q2 GDP at 5.3%; Meets Estimates

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 India's Q2 GDP came in line with estimates at 5.3% for Q2 2014. Agricultural sector remained the bulwark along with the services sector. Agricultural growth came in at 3.2 per cent vs 3.8 per cent quarter on quarter. 

India's Q2 GDP at 5.3%; Meets Estimates
Manufacturing sector grew at miniscule 0.1 per cent.The electricity growth was at a robust 8.1 per cent, while the construction sector grew at 4.6 per cent.

The mining sector grew at 1.9 per cent. Analysts say the GDP growth was largely in line with estimates. Today's GDP Numbers along with inflation numbers will remain key data points for the RBI before its credit policy meeting of Dec 2, 2014.

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