GDP slips to 5.3% in Jul-Sept from 6.7%

The economic growth rate (GDP - gross domestic product) has been declined to 5.3 per cent in July- September quarter.

In the last quarter, the GDP growth rate was 5.5 per cent and 6.7 per cent in the same quarter in 2011.

The manufacturing and agriculture sectors have registered a slow growth rate in this quarter at 0.8 per cent and 1.2 per cent, respectively.

However, the mining sector has witness some good growth rate of 1.9 per cent in the second quarter of this year.

The figures of GDP growth rate were disappointing and lower than the expected rate of growth.