India's Gross Domestic Product had expanded by 4.7 percent April-June quarter of the last fiscal ended March 31.
    
According to data released here today by the Central Statistics Office (CSO), manufacturing sector recorded a growth of 3.5 percent in the first quarter of 2014-15 as against a contraction of 1.2 percent in Q1, 2013-14.
    
The mining sector too grew by 2.1 percent in April-June quarter compared a decline in production by 3.9 percent the year-ago period.
    
The highest growth rate during Q1, 2014-15 was recorded by financial services sector at 10.4 percent, followed by electricity gas and water supply at 10.2 percent.
    
The previous high of GDP growth rate was recorded at 6 percent in the October-December quarter of 2011-12. The economic growth in preceding quarter (January-March) was 4.6 percent.
    
The construction sector expanded 4.8 percent in first quarter of this fiscal as against 1.1 per cent growth in the year-ago period.
    
Growth in the trade, hotels, transport and communications segment also inched up to 2.8 percent in the first quarter from 1.6 percent in the same period of 2013-14.
    
As regard the farm sector which includes agriculture forestry and fishing recorded at deceleration in growth at 3.8 percent in first quarter compared to 4 percent a year ago.

Economy bounces back to 5.7 percent after two-and-half years
Manufacturing sector recorded a growth of 3.5 percent in the first quarter of 2014-15
The previous high of GDP growth rate was recorded at 6 percent in the October-December quarter of 2011-12
Construction sector expanded 4.8 percent in first quarter of this fiscal
Mining sector grew by 2.1 percent in April-June quarter
Gross Fixed Capital Formation, a barometer of investment at current prices is estimated at Rs 8.14 lakh crore for Q1, as against Rs 7.32 lakh crore a year ago.
    
At constant (2004-2005) prices, the GFCF is estimated at Rs 4.96 lakh crore in Q1 as against Rs 4.63 lakh crore.

Latest News  from Business News Desk