India's gross domestic product grew by 7.4 per cent in the first three months (Apr-Jun) of this fiscal mainly due to a robust manufacturing sector which clocked 8 per cent growth.
The Central Statistical Organisation has put the GDP during April-June 2004-05 at Rs 352,117 crore (Rs 3,521.17 billion) as against Rs 327,842 crore (Rs 3,278.42 billion) in the corresponding period of 2003-04, showing a growth rate of 7.4 per cent.
Apart from 8 per cent growth in manufacturing, trade, hotels, transport and communication recorded a substantial 11 per cent growth, while community, social and personal services posted 9.3 per cent growth.
The other sectors which registered significant growth in the first quarter of 2004-05 are mining and quarrying 6.1 per cent, electricity, gas and water supply at 6.3 per cent, financing, insurance, real estate and business services at 7 per cent.
However, sectors like agriculture, forestry and fishing (3.4 per cent) and construction (3.6 per cent) recorded lower growth.