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This is an archive article published on November 28, 2008

GDP growth slumps to 7.60 per cent

Economy grew a better than expected 7.6 pct Q2, but eased from the previous quarter's 7.9 pct.

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India’s economy grew a better than expected 7.6 per cent in the September quarter from a year earlier, but eased from the previous quarter’s 7.9 per cent as monetary tightening curbed demand.

The annual growth for India’s fiscal second quarter was higher than a median forecast of 7.3 per cent in a Reuters poll of economists.

The manufacturing sector grew 5 per cent in the July-September quarter from a year earlier, while the farm sector expanded an annual 2.7 per cent, government data showed on Friday.

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