India's Q2 GDP at 5.3%; meets expectations

Business

oi-Sunil

By Sunil Fernandes

Published: Friday, November 30, 2012, 11:12 [IST]

India's Q2 GDP numbers have come in at 5.3%, suggesting growth rates that were tepid, but, which were largely in line with estimates.

The economic activities which registered significant growth in Q2 of 2012-13 over Q2 of 2011-12 are ‘construction' at 6.7 per cent, ‘trade, hotels, transport and communication' at 5.5 per cent, ‘financing, insurance, real estate and business services' at 9.4 per cent, and ‘community, social and personal services' at 7.5 per cent.

The growth rates in ‘agriculture, forestry & fishing' is estimated at 1.2 per cent, ‘mining and quarrying' at 1.9 per cent, ‘manufacturing' at 0.8 per cent, ‘electricity, gas and water supply' at 3.4 per cent in this period.

Gross Fixed Capital Formation (GFCF) at current prices is estimated at Rs. 6,99,379 crore in Q2 of 2012-13 as against Rs. 6,33,680 crore in Q2 of 2011-12.

Among the services sectors, the key indicators of railways, namely, the net tonne kilometers and passenger kilometers have shown growth rates of 1.4 per cent and 1.8 per cent, respectively in Q2 of 2012-13.

In the transport and communication sectors, the sale of commercial vehicles, cargo handled at major ports, cargo handled by the civil aviation and passengers handled by the civil aviation registered growth rates of 1.6 per cent, (-)0.9 per cent, (-)5.2 per cent, (-)6.3 per cent, respectively in Q2 of 2012-13 over Q2 of 2011-12.

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