Q2 GDP: India’s Economic Growth Slows To 6.3% In July-September Quarter

India's economic growth has halved from the pace set in the first quarter of this financial year. The latest GDP figures released earlier today show the economy growing by 6.3% in July-September versus the 13.5% growth seen in April-June. The figure is lower than the 8.5% clocked in July-September last year. While the agriculture and services sectors along with construction have been the shining beacons this quarter, the manufacturing sector incidentally has a large weightage in the total GDP. contracted by 4.3% in the quarter. The mining sector also contracted sharply by 2.8%. Interestingly, the growth rate tops the estimated band forecast by the RBI in its October review.