A look at how the various components of Q1 GDP fared

Agriculture, forestry and fishing

Agriculture, forestry and fishing saw a growth rate of 2.7 per cent in Q1 2013-2014, as compared to 2.9 per cent in Q1 2012-2013. It was a much better performance by the sector last year.

Mining and quarrying

Mining and quarrying was a shocker with a negative growth rate of -2.8 per cent for Q1 2013-2014 as against a positive growth rate of 0.6 per cent in the corresponding period of last year.

Manufacturing

The manufacturing sector continued to report dismal growth with first quarter growth of -1.2 per cent as against -1 per cent last year.

Electricity, gas and water supply

Growth rates in this sector for the first quarter almost halved to 3.7 per cent as against 6.2 per cent in the corresponding period of last year.

Construction

This sector was one more that reported a poor set of performance. Growth rates for Q1 2014 was just 2.8 per cent, as against 7 per cent reported in the corresponding period of last year.

Trade, hotels, transport & communication

This sector reported a drop in growth rates to 3.9 per cent as against 6.1 per cent in the corresponding period of last year.

Financing, insurance, real estate & business services

This sector reported a dip in growth rates to 8.9 per cent, as against 9.3 reported in the corresponding period of last year.

Community, social & personal services

This was one segment that reported growth. It came in at 9.4 per cent, as against 8.9 per cent in the corresponding period of last year.

Going ahead industry is expecting an even poorer growth rates in the next quarter on account of a falling rupee, which is likely to push inflation and reduce purchasing power and rising crude prices.

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