India's GDP climbs to 6.3 per cent in Q2, recovers from 3-year low

The Central Statistics Office (CSO) today released India's second-quarter Gross Domestic Product(GDP) figures pegging it at 6.3 per cent for the second quarter in July to September period.

Major gains were seen in mining and manufacturing sectors.

"GDP growth has recovered to 6.3% in Q2 from a 3-year low of 5.7% in Q1," TCA Anant, chief statistician said.

India's GDP figure was at a thirteen-quarter low at 5.7 for the period of April-June.

Earlier, India's finance minister Arun Jaitley



speaking at a seminar had said achieving a 10 per cent GDP growth rate "would be challenging" and will depend on how the world is moving.

India intends to follow the glide path as far as the fiscal deficit, the finance minister had said.

NITI Aayog vice-chairman Rajiv Kumar had said Indian economy during July-September period is likely to grow at 6.2 to 6.3 per cent. 

GDP is the value of all goods and services produced over a specific period and is one of the indicators of the health of an economy.