Q3 FY14 GDP at 4.7% vs 4.4% Y-o-Y

The Q3 growth is slightly higher by 0.2 percent on a year-on-year basis, but has shown a degrowth quarter-on quarter (4.7 percent versus 4.8).

The gross domestic product (GDP) for Q3 FY14 came in at 4.7 percent, up from its Q3 FY13 growth of 4.4 percent (YoY), but down from it previous quarter growth of 4.8 percent. A CNBC-TV18 poll had expected the growth to be around 4.8 percent. The Central Statistics Office (CSO) had estimated a growth of 4.9 percent. The agricultural sector grew at only 3.6% versus 4.6% quarter-on-quarter. The manufacturing growth saw a negative trend coming in at - 1.9% versus 1% quarter-on-quarter. The mining sector too reflected the slowdown growing by -1.6 percent versus -2 percent (YoY). Electricity, gas and water supply grew at 5 percent versus 7.7 percent Data services, meanwhile grew by 7.6 percent, up 1 percent on a year-on-year basis while trade, hotels, trans growth, that represent the unorganised sector, came in at 4.3 percent versus 5.9 percent (YoY). A GDP growth of 4.9 percent for FY13, as targeted by the CSO, now seems more and more unlikely.