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India's growth rate dips to 7.1 percent in Q2
Last Updated: 2018-12-03 11:11 | Xinhua
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India's economic growth slowed to 7.1 percent in the second quarter, i.e. "July-September" of the year from 8.2 percent in the previous quarter mainly due to a sharp drop in manufacturing, agriculture and mining activities, government data showed on Friday.

The gross domestic product (GDP) has shown the lowest growth in three years, but India still remains the world's fastest-growing major economy, revealed the government data.

In a statement, the country's finance ministry said, "This quarter also faced the challenge of higher oil prices resulting in much higher import bill and the weakening of the rupee. The economy is on track to maintain a high growth rate in the current global environment."

Growth has shown a rise over the past year. The economy had grown 6.3 percent in the corresponding quarter last year.

Reacting to the growth figures released today, the country's Economic Affairs Secretary Subhash Chandra Garg said that the growth in this quarter seemed disappointing.

"GDP growth for Q2 of 2018019 at 7.1 percent seems disappointing. Manufacturing growth at 7.4 percent and agriculture growth at 3.8 percent is steady. Construction at 6.8 percent and mining at -2.4 percent reflect monsoon months deceleration. Half year growth at 7.4 percent is still quite robust and healthy," he tweeted.

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