Central Statistics Office (CSO) released the data on February 28 shows the growth of 6.6 per cent of the Indian economy in the third quarter i.e October-December. The moderate rate is expected to slow down in the second half of the financial year.
The GDP growth rate for Q1 and Q2 of 2018-19 was at 8 per cent and 7 per cent respectively.
GDP growth during 2018-19 is estimated at 7 per cent however, it was at 7.2 per cent in 2017-18.
Gross Value Added (GVA) defines GDP without taxes which grew 6.8 per cent.
The farm sector grew at 2.7 per cent in Q3 which was at 4.2 per cent in Q2 while the manufacturing sector grew at 6.7 per cent.
The construction sector grew at 9.6 per cent and mining sector stood at 1.3 per cent compared to -2.1 per cent in Q2. The growth of trade and hotel remains unchanged at 6.9 per cent.
The financial services sector grew at 7.3 per cent compared to 7.2 per cent in Q2.