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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Hearing for HD Revanna's anticipatory bail adjourned to 2:45 PM today
Bengaluru: The Special Court of People's Representatives has deferred the hearing of the anticipatory bail application filed by former Minister HD Revanna in connection with a woman's kidnapping case.
Advocate BN Jagadish, representing the SIT (Special Investigation Team), requested time to present arguments and file objections against Revanna's anticipatory bail. An accused has already been apprehended in relation to the kidnapping case, and the SIT aims to gather pertinent evidence from this individual. Consequently, they sought an extension to prepare their objection.
However, Murthy Naik, Revanna's advocate, opposed the request for additional time, citing a notice issued under IPC Section 41. He further argued that Revanna must attend the hearing by 5:30 PM today and seeked attention towards the absence of specific allegations directly implicating Revanna in the kidnapping within the FIR.
Following deliberation, the court instructed the SIT to submit their objection and postponed the hearing until 2:45 PM.
