Reflecting the underlying weaknesses in Asia's third-largest economy, the gross domestic product (GDP) for the third Quarter (October-December) of 2013-14 came in a shade lower than street’s expectation at 4.7% at Rs 14.8 lakh crore as against Rs 14.1 lakh crore in Q3 of 2012-13. Street widely expected Q3 GDP to be flat on a quarterly basis. It was estimated to be around 4.8 percent, which compares to 4.5 percent on a year-on-year (Y-o-Y) basis and 4.8 percent on a sequential basis.
The economic activities which registered significant growth in Q3 of 2013-14 over Q3 of 2012-13 were ‘financing, insurance, real estate and business services’ at 12.5%, ‘community, social & personal services’ at 7.0 per cent, ‘electricity, gas & water supply’ at 5.0%, ‘trade, hotels, transport and communication’ at 4.3 per cent and ‘agriculture, forestry & fishing’ at 3.6%. The growth rate in ‘construction’, ‘mining and quarrying’ and ‘manufacturing’ is estimated at 0.6 percent, (-) 1.6 per cent and (-)1.9 per cent, respectively in this period.