GDP up at 6.1 pc, spurs hopes of economic recovery

Monday, August 31, 2009, 11:33 [IST]

New Delhi, Aug 31: India's Gross Domestic Product (GDP) for the June quarter (Q1) stands at 6.1 per cent, up from the 5.8 per cent of the previous quarter.

Even amid the adverse effects of drought and inflation, the Indian economy accelerated drawing support from government stimulus measures which helped stimulate demand.

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The uptick was led by the manufacturing sector which grew 3.4 per cent and farm output which expanded 2.4 percent in Apr-Jun 2009 (YoY).

The better than expected numbers have spurred hopes the the economic recovery has started.

OneIndia News

Topics: indian inflation, gdp, indian economy

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