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`GDP growth down in Q3'

Our Bureau

New Delhi, March 3

The over 8 per cent growth in the gross domestic product (GDP) posted by the economy during the first two quarters of the current fiscal appeared to have halted as per the third quarter GDP estimates released by the CSO. It has put the GDP at factor cost at 7.6 per cent for October to December 2005.

Quarterly GDP at factor cost at constant (1999-2000) prices for the third quarter of 2005-06 is estimated at Rs 6,95,382 crore, as against Rs 6,46,000 crore in the third quarter of 2004-05, showing a growth rate of 7.6 per cent. The sectors which logged significant growth in Q3 of 2005-06 over Q3 of 2004-05 are - manufacturing (8.4 per cent), construction (11.5 per cent), trade, hotels, transport and communication (10.3 per cent), financing, insurance, real estate and business services at 9.1 per cent and community, social and personal service (8.1 per cent).

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