India’s Q2 GDP growth slow to 3-month low of 7.1 per cent
New Delhi, Nov 30: India's economy grew at 7.1 per cent in July-September, lowest in three quarters, but still remained ahead of China to retain the tag of the world's fastest growing major economy.
The Gross Domestic Product (GDP) at constant prices (2011-12) had grown at 6.3 per cent in July-September quarter of the last fiscal, according to government data released Friday.
The size of the GDP in the second quarter of 2018-19 is estimated at Rs 33.98 lakh crore, as against Rs 31.72 lakh crore a year ago, showing a growth rate of 7.1 per cent, as per a statement of the Central Statistics Office (CSO).
Indian economy grew at 8.2 per cent in April-June quarter of this fiscal.
The GDP growth was 7.7 per per cent in January-March quarter while it was at 7 per cent in October-December.
The Chinese economy had expanded at the rate of 6.5 per cent in the July-September period this year.
India's GVA (gross value added) at Constant (2011-2012) Prices for second quarter this fiscal is estimated at Rs 31.40 lakh crore, as against Rs 29.38 lakh crore year ago, showing a growth rate of 6.9 percent over the corresponding quarter of previous year.
The CSO said that mining and quarrying output has declined by 2.4 per cent in the quarter from a growth of 6.9 per cent in year ago period.
However, the manufacturing activities expanded at the rate of 7.4 per cent in the quarter under review up from 7.1 per cent in the year ago quarter.
The construction sector too showed an improvement by recording a growth of 7.8 per cent as against 3.1 per cent earlier.
The farm sector too grew at a higher rate of 3.8 per cent in the quarter as against 2.6 per cent a year ago.
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Speaker Om Birla to inaugurate CPA India Region meet in Panaji on Thursday
New Delhi (PTI): Lok Sabha Speaker Om Birla will inaugurate a two-day conference of the Commonwealth Parliamentary Association (CPA) India Region in Panaji on Thursday.
The conference of Zone-7 of the CPA aims to strengthen parliamentary cooperation, promote exchange of best practices and deliberate on key development priorities of the region, according to an official statement.
The dignitaries will deliberate on subjects such as "The Role of Young Legislators in Achieving the Goal of a Developed India by 2047" and "Priorities of Zone-7 in Trade, Tourism, Urbanisation, Environment and Coastal Connectivity", among others.
The CPA India Region Zone-7 comprises the legislatures of Goa, Gujarat and Maharashtra.
This will be the first conference of Zone-7 after the CPA India Region was restructured into nine zones in 2024.
Currently, the speaker of the Gujarat legislative assembly serves as the chairperson of CPA India Region Zone-7.
The valedictory session on April 10 will be graced by Goa Governor Pusapati Ashok Gajapathi Raju, along with Lok Sabha Speaker Om Birla.
Goa Chief Minister Pramod Sawant, Rajya Sabha Deputy Chairman Harivansh, Maharashtra Legislative Council Chairman Ram Shinde, Maharashtra Assembly Speaker Rahul Narvekar, and Gujarat Assembly Speaker Shankarbhai Chaudhary will also address the dignitaries.
Besides, the presiding officers of the legislatures of Andhra Pradesh, Chhattisgarh, Haryana, Karnataka, Rajasthan and Telangana, the Union minister and MPs from Goa, and legislators from the three member states will also attend the conference, the statement said.
