According the Central Statistics Office (CSO), the Gross Domestic Product (GDP) or economic growth is estimated at 7.3 percent in October-December quarter of this fiscal.

CSO has also revised upwards the GDP growth estimates for April-June and July-September quarters to 7.6 percent and 7.7 percent from earlier calculation of 7 percent and 7.4 percent, respectively.

At 7.6 percent, India would be growing at the fastest pace in the last five years. The previous high was recorded at 8.9 percent in 2010-11.

The real Gross Value Addition, a new concept introduced by CSO to measure economic growth, is projected at 7.3 percent in this fiscal against 7.1 percent in 2014-15.

The manufacturing sector is estimated to grow at 9.5 percent in 2015-16, up from 5.5 percent a year ago.

Similarly, in case of agriculture sector, the growth has been projected at 1.1 percent as against decline of 0.2 percent a year ago.

The growth of mining and quarrying sector, electricity and power supply and other services is likely to witness deceleration during the current financial year.

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