In the Q-2 of 2008-09, Indian economy grew at 7.60 per cent, as compared to 7.9 per cent in the previous quarter. In the year ago period, the services sector growth was at 9.6 per cent.

A 2.7% growth was recorded in the farm sector during Q2 of 2008-09. Manufacturing growth stood at 5%; as compared to 9.2%on a year-on-year basis.

For the Q2, the construction growth came in at .7 per cent from 11.8 per cent a year ago.

"The GDP numbers were better than expected and the government would take proactive steps to boost growth," reported Surjit S Bhalla, managing director of Oxus Research and Investments

"The resilience in the Indian economy is very much intact. The consumption growth is there though there will be a slowdown in investment growth," informed Yes Bank chief economist Subdha Rao.