Indian economy grew 5 percent in 2012-13

New Delhi, May 31 (IANS) The Indian economy grew by a sluggish 5 percent in the financial year ended March 31, 2013, official data showed Friday.

According to data released by the Central Statistics Office (CSO), in the fourth quarter of the 2012-13, the Indian economy grew by just 4.8 percent.

The country’s gross domestic product (GDP) at constant (2004-05) prices in the year 2012-13 is estimated at Rs.55,05,437 crore, showing a growth rate of 5 percent over the first revised estimates of GDP for the year 2011-12 of Rs.52,43,582 crore, CSO data showed.

Growth rates in various sectors during the fourth quarter of 2012-13 were: agriculture, forestry and fishing 1.4 percent; mining and quarrying -3.1 percent; manufacturing 2.6 percent; electricity, gas and water supply 2.8 percent; construction 4.4 percent; trade, hotels, transport and communication 6.2 percent; financing, insurance, real estate and business services 9.1 percent; and community, social and personal services 4.0 percent.

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