The country has registered GDP at 7.9 percent in the first quarter of the current fiscal. The growth is expected to increase further in the second half. This is disclosed by a monthly review report of Centre for Monitoring Indian Economy (CMIE).

The agriculture sector registered a growth of 3 percent, while growth rate of industry and services sectors are recorded at 6.9 percent and 10 percent, respectively. The growth in the mining and construction sectors remained healthy while other sectors performed lower than the corresponding period of the last month. The manufacturing and utilities sectors witnessed very poor growth rate for the current fiscal. It was recorded 10.9 percent last year in the same quarter while it remained 5.6 percent in the current quarter.

The trade, hotels, transport and communications sectors also performed well and the omens re the overall economy appear optimistic. Thus the forecast of above 9 percent growth seems achievable.