India's GDP growth slows to 7%
It is slower than the previous quarter where it saw a 7.5% expansion.
"The economic activities which registered growth of over 7 percent in Q1 of 2015-16 over Q1 of 2014-15 are ‘manufacturing’, ‘trade, hotels and transport & communication and services related to broadcasting’ and 'financial, insurance, real estate and professional services'," read a normal government released o Monday.
"The growth in the ‘agriculture, forestry and fishing’, ‘mining and quarrying’, ‘electricity, gas, water supply & other utility services, ‘construction’ and 'public administration, defence and other services’ is estimated to be 1.9 per cent, 4.0 percent, 3.2 per cent, 6.9 per cent and 2.7 per cent respectively during this period," it said.
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