NEW DELHI, Nov. 28 (Xinhua) -- Indian economy grew by 5.3 percent in the July-September quarter, or the second quarter of the current fiscal, official data said Friday.
The manufacturing growth was a mere 0.1 percent, which could push the central bank, the Reserve Bank of India, to lower interest rates when it reviews the monetary policy Tuesday, said analysts.
Central Statistics Office said the growth was primarily led by the output of social services which scored 9.6 percent, financial sector with 9.5 percent and utilities like electricity and water with 8.7 percent. The farm sector also registered a growth of 3.2 percent.
India's economy grew by 5.7 percent in the April-June quarter or first quarter of this fiscal.
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