Zee Media Bureau
New Delhi: India's economic growth slowed to a lower-than-expected 7 percent for the first quarter of the financial year 2015 ending June as compared to the previous quarter which ended at 7.5 percent, government data showed on Monday.
Despite backed by a strong growth in mining, manufacturing and construction sectors, the country's economic growth of 7 percent was seen as disappointing.
During the same period of the previous year, the economy had grown by 5.7 percent, which was a two year high then.
The growth in the GDP was strongly backed by 4 percent growth in mining, 7.2 percent in manufacturing, 6.9 percent in construction and 12.8 percent in trade and hotels.
Agriculture sector also grew by 1.7 percent during the first quarter of the financial year 2015.
Growth of the eight core industries for the month of July also slowed to a three month low of 1.1 percent as compared to the 3.1 percent in the same period a year ago, government showed Monday.
