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India records a 4.8% increase in construction activity

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World Cement,

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

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