India's GDP grew 5.8 percent in quarter

Published: May 29, 2009 at 12:51 PM

NEW DELHI, May 29 (UPI) -- India's gross domestic product rose 5.8 percent in the first quarter, the government said Friday.

The construction sector grew 6.8 percent in the quarter after growing 4.2 percent in the fourth quarter of 2008. Farm output grew 2.7 percent. Manufacturing grew 1.4 percent, following 0.9 percent growth in the previous quarter, the BBC reported.

Overall, however, growth came in lower than a year ago when the GDP rose 8.6 percent.

In the full year ending March 31, the economy grew 6.7 percent, down from the 9 percent annual rate from the previous year.

"The GDP growth number justifies the claim that India is dealing with the global crisis from a position of strength," Bank of Baroda chief economist Rupa Rege Nitsure said.

© 2009 United Press International, Inc. All Rights Reserved.
Order reprints



Additional News Stories
NHL: Chicago 4, Columbus 3 (SO) (9 min)
NHL: Toronto 3, Montreal 0 (24 min)
Teri Garr adds voice to 33 living with MS (30 min)
Scholar: Jane Austen likely died of TB (35 min)
NBA: New York 126, Phoenix 99 (37 min)
NBA: Washington 106, Toronto 102 (60 min)
Mammography may up cancer risk in some
fark
Former SETI@home "God" revealed as high school technology department head who installed program...
Rather than pay a $170 towing bill, genius couple stages break-in to impound lot, causing far more...
When you have 400 pounds of marijuana in your home it would be smarter to pop a DiGiorno in the...
Photoshop this big boar
There is only one response when your neighbor is chasing you with a lawnmower blade and asking you...
How not to handle your dad getting fired as GM CEO