Trade4target : GDP growth at 5.3% in the second quarter
Indian economy has grown at 5.3 percent in the second quarter of the fiscal year as against 5.7 percent in the first three quarters and 5.2 percent on a year-on-year basis, the Central Statistics Office data revealed on Friday. The GDP grew at 5.5 percent against 4.9 percent in the first half of the fiscal year-on-year.
Expressing concern that the share of the manufacturing sector has not picked up since 1990s Commerce Minister Anand Sharma on Monday said that the government wants the sector to contribute at least 22 percent of the GDP from the present 16-17 percent.
China's economy expanded 11.9 percent year on year in the first quarter of 2010 to 8.06 trillion yuan ($1.19 trillion), the National Bureau of Statistics (NBS) announced on Thursday in Beijing.
India Inc. has hailed the better-than-expected 7.5 percent GDP growth during 2009-10, but it is still jittery about numerous challenges, including poor credit availability to the industry, particularly the small and medium enterprise (SME) sector, and the Eurozone sovereign debt crisis which could draw down exports to the region in the coming days.
The demonetisation move of the government, which has led to a cash crunch in the country, is likely to impact the economic activity in the short-term while the growth of GDP next year may decrease.
Friday morning's release of Q4 GDP officially put the deepest recession since WWII in the rear-view mirror.
After eleven straight quarters below peak levels, chain weighted GDP finally dug itself out of the hole and hit new all-time highs
While the Chinese economy has definitely been slowing, and the slowdown is real, investors should not become excessively bearish and overreact to negative headlines.
After weeks of volatility, China stocks have hit a critical point and could be on a downtrend. China's announcement it was scaling back its GDP target for 2012 hurt sentiment.