The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation has released the estimates of Gross Domestic Product (GDP) for the first quarter of the 2014 – 2015 financial year (April-June). Quarterly GDP is estimated at 14.38 lakh crore, compared to 13.61 lakh crore recorded in the same period a year earlier, representing a growth rate of 5.7% y/y.
The economic activities that registered significant growth in the first quarter (compared to the first quarter of the 2013 – 2014 financial year) are electricity, gas and water supply (10.2%), financing, insurance, real estate and business services (10.4) and community, social and personal services (9.1%). The estimated growth rates in other economic activities during this period are: 4.8% in construction, 3.5% in manufacturing, 2.8% in trade, hotels, transport and communication, 3.8% in agriculture, forestry and fishing, and 2.1% in mining and quarrying.
The key indicators of the construction sector, namely production of cement and consumption of finished steel, registered growth rates of 9.5% and 0.7%, during the April-June quarter.
Adapted from press release by Rosalie Starling
Read the article online at: https://www.worldcement.com/asia-pacific-rim/01092014/india-records-a-4-8-increase-in-construction-activity-385/