The country's gross domestic product (GDP) had expanded by 4.4 percent in the April-June quarter of this fiscal and 5.2 percent in July-September quarter last fiscal. (Agencies)
Commenting on the official data release today, Economic Affairs Secretary Arvind Mayaram said: "I have been saying that growth will come back slowly in third and fourth quarter. But I am glad that it is better than the first quarter."
"There were many people who were predicting that it will be less. So I believe that going forward in third and fourth quarters, you would see a pick up... (Growth in the) fiscal (2013-14) would be upwards of 5 percent," he added.
Farm sector output expanded by 4.6 percent in July- September compared to 1.7 percent in the corresponding period of last fiscal. The sector grew by 3.6 per cent in April-September period this fiscal compared to 2.3 per cent in the same period last year.
The manufacturing sector posted a growth of one percent in the second quarter of July-September this year as against almost flat growth 0.1 percent in output year ago. However, the output of the sector contracted in the first half of this fiscal (April-September by 0.1 percent compared to 0.5 percent last year.
Growth in electricity, gas and water supply was 7.7 percent in the July-September quarter compared with 3.2 percent in the same quarter of 2012-13. During the first half of this fiscal, the segment grew by 5.7 percent as against 4.7 percent in the same period last year.
The construction sector expanded 4.3 per cent in second quarter as against 3.1 per cent in the year-ago period. During the first half of this fiscal, the sector grew by 3.5 percent as compared to 5.1 percent in same period a year ago.
The trade, hotels, transport and communications segment grew at 4 percent in the first quarter of July-September quarter against 6.8 percent in the same period last year. It has grown by 4 percent in first half of April-September this fiscal compared to 6.4 percent in corresponding period.
The growth rate in the services sector, including financing, insurance and real estate, stood at 10 percent in second quarter as against 8.3 per cent in same quarter of 2012-13. The segment grew by 9.5 percent in first half of this fiscal as against 8.8 per cent in the same period year ago.
Mining and quarrying contracted by 0.4 percent in the second quarter as against a 1.7 percent growth in the same period of the last fiscal. During April-September, sector's output also contracted by 1.6 percent compared to growth of 1 percent in same period a year ago.
The community, social and personal services segment grew by 4.2 percent in the second quarter as compared to 8.4 percent in same period last year. During first half of this fiscal, segment grew by 6.6 percent compared to 8.6 percent last fiscal.
The country's gross domestic product (GDP) had expanded by 4.4 percent in the April-June quarter of this fiscal and 5.2 percent in July-September quarter last fiscal.