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India Q3 GDP up 6.2% yr-on-yr vs up 6.6% in Q2
India's economic growth slowed to 6.2 pct in the third quarter of the financial year from the year earlier, when growth was at 6.6 pct, as a poor monsoon led to lower farm output, government data showed.
The farm sector, which accounts for a quarter of the country's economy, fell 1.1 pct year-on-year in the third quarter. In the second quarter, farm growth fell 0.8 pct.
The fall in farm growth was offset by a 10.4 pct rise in manufacturing in the third quarter.
In February, Finance Minister P Chidambaram said India's economy would grow 6.9 pct in the financial year ending March 2005, compared with 8.5 pct in the year earlier.
A poll of the chief executive officers of domestic business firms by the Confederation of Indian Industry showed that the majority of them expect the economy to grow 6.0 - 6.5 pct for the financial year.
BIZ/FINANCE ARTICLES
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