Thursday 17 April 2014
News updated at 6:00 PM IST
Weather
Max: 34.6°C
Min : 22.4°C
In Bangalore
Sunny day

GDP growth in Q2 may drop to 5.1%: Karvy

New Delhi, Nov 27, 2012, PTI:

The country's second quarter growth rate is likely to drop to a nearly three and half year low of 5.1 per cent owing to sustained weakness in the industrial sector, reports said.

According to a research report by Karvy Stock Broking, "GDP growth for the second quarter of this fiscal is estimated to drop to nearly three and a half year low of 5.1 per cent.."

This is mainly expected to be driven by sluggish growth in electricity generation and sharp drop in trade sector's growth as compared to last year, it said.


Echoing similar sentiments another domestic brokerage firm Religare said : “We expect Q2 GDP at 5.1 per cent, the lowest since March 2009, largely driven by sustained weakness in the industrial sector where we expect muted growth of 0.4 per cent.”

Go to Top

Photo Gallery
India's new Naval Chief, Admiral Robin K Dhowan inspects a Guard of Honour at Defence...

India's new Naval Chief, Admiral Robin K Dhowan inspects a Guard of Honour at Defence...

Vikramaditya Motwane, Karan Johar, Vikas Bhal, actor Ranbir Kapoor and Anurag Kashyap during a ...

Vikramaditya Motwane, Karan Johar, Vikas Bhal, actor Ranbir Kapoor and Anurag Kashyap during a ...

A 109-yr-old voter shows her identity card after casting her vote for Lok Sabha elections at a ...

A 109-yr-old voter shows her identity card after casting her vote for Lok Sabha elections at a ...

Voters stand in a queue to cast their votes for 5th phase of Lok Sabha elections in Jalpaiguri...

Voters stand in a queue to cast their votes for 5th phase of Lok Sabha elections in Jalpaiguri...

Senior citizens being carried on a bullock cart for casting votes for Lok Sabha polls near ...

Senior citizens being carried on a bullock cart for casting votes for Lok Sabha polls near ...

Muslim women show their inked fingers after casting votes for Lok Sabha elections in Moradabad on...

Muslim women show their inked fingers after casting votes for Lok Sabha elections in Moradabad on...

First times voters showing their inked fingers after casting votes at a polling station during...

First times voters showing their inked fingers after casting votes at a polling station during...

An anti-government protester with her face painted in the colors of Venezuela's flag with the...

An anti-government protester with her face painted in the colors of Venezuela's flag with the...

Rescue boats sail around the South Korean passenger ship 'Sewol' which sank, during their rescue...

Rescue boats sail around the South Korean passenger ship 'Sewol' which sank, during their rescue...

A masked penitent takes part in the procession of the 'Santa Veracruz'' brotherhood, during Holy...

A masked penitent takes part in the procession of the 'Santa Veracruz'' brotherhood, during Holy...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523