The Gross Domestic Product (GDP) for the third quarter has been declined to 5.6% as compared to 8.9% during the same quarter last year. The GDP growth for previous quarter this year was 7.6%.
The average GDP growth for the period between April and December stands at 6.9% versus 9% during the same period last year.
The manufacturing sector declined by 0.2% in the October-December quarter as compared to last year, while the farm sector contracted an annual 2.2 per cent.
Nifty and Sensex dropped sharply immediately after the Q3 GDP growth numbers were declared.
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