Indian economy grows at 5.3 pc in July-September quarter

November 28, 2014 18:39

Indian economy grew at a better-than-expected rate of 5.3 per cent in July-September quarter on account of improved performance of mining, power and certain services sectors.

The Gross Domestic Growth in the second 1uarter was better than 5.2 per cent of the same period last fiscal but was slower than 5.7 per cent rate achieved in April-June quarter of current fiscal. There were expectations that September quarter growth would fall to 5-5.1 per cent range.

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