The growth in the agriculture slowed to 1.7% compared to 2.3% in the last quarter and 4.1% in the same quarter a year ago.
Chouhan's statement comes hours after the Ministry of Statistics and Programme Implementation (MOSPI) said India's GDP growth has recovered to 6.3 percent in the second quarter from a three-year low of 5.7 percent in first quarter. █ GST, note ban behind us: Jaitley Hailing the GDP growth, Arun Jaitley said that the impact of demonetisation and GST is "behind us", and the country can now look forward to upward growth trajectory in the coming quarters.
Reversing a downward trend of 15 consecutive months, India's economy grew 6.3% in the second quarter (July- September) backed by an acceleration in manufacturing and mining sectors but agriculture and construction, the two largest employers, continued to disappoint. Chief Statistician TCA Anant hinted that the numbers could be revised upwards as businesses uncertain of the new GST regime may have accounted for lesser taxes. The growth of eight core sector industries, however, slowed to 4.7 per cent in October, down from 7.1 per cent recorded in the previous period.
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Jailtey said achieving a 10% economic growth rate is "very challenging" and double-digit GDP growth will depend on how the world economy moves. But we can not say now whether this will mark an upward trend in the growth rate.
"Traditionally, July-September is a quarter where a lot of production takes place to cater to festive demand".
"It is well accepted that investment in infrastructure is essential to growth, it increases the productivity of existing resources and crowds in private investment, which in turn creates more jobs and leads to economic well-being", he said.
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In November 2016, the moon reached a distance closest to the Earth than ever seen since 1948, producing a supersized supermoon. This supermoon won't be quite as special as last year's . "You can do the experiment with your outstretched thumb".
The agriculture, forestry and fishing sector is estimated to have grown by 1.7 per cent.
While manufacturing grew rapidly at 7% in the September quarter from merely 1.7% in the first quarter (April-June), the growth in electricity and other utilities was recorded at 7.6% and it was nearly 10% in trade, hotel, transportation and communication.
China remained ahead of India for a third quarter in a row in July-September, posting 6.8 per cent growth. It expects the economy to grow at 6.7 per cent this fiscal and rise to 7.5 per cent in 2018-19. Great news that quarterly GDP growth accelerates to 6.3 per cent against 5.7 per cent from the previous quarter.
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