Press Esc to close
Tuesday 26 May 2015
News updated at 3:06 PM IST
Weather
Max: 33°C
Min : 22.3°C
In Bengaluru
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
Republican presidential candidate Ben Carson (R) talks with 91-year-old World War Two veteran Russel

Republican presidential candidate Ben Carson (R) talks with 91-year-old World War Two veteran Russel

Nepalese people walk across the damaged temple area one month after the deadly 7.8 magnitude ...

Nepalese people walk across the damaged temple area one month after the deadly 7.8 magnitude ...

Police charge Congress activists who were staging a protest at the residence of Madhya Pradesh ...

Police charge Congress activists who were staging a protest at the residence of Madhya Pradesh ...

AISA activists holding a protest against HRD Minister Smriti Irani on concerns over the choice ...

AISA activists holding a protest against HRD Minister Smriti Irani on concerns over the choice ...

Pramodadevi Wadiyar and Yaduveer Krishnadatta Chamaraja Wadiyar at a press conference in the ...

Pramodadevi Wadiyar and Yaduveer Krishnadatta Chamaraja Wadiyar at a press conference in the ...

Indians watch a chopper carrying Prime Minister Narendra Modi leave after addressing a rally at ...

Indians watch a chopper carrying Prime Minister Narendra Modi leave after addressing a rally at ...

Gujjar community people sleep on train track as they agitating to demand reservation in ...

Gujjar community people sleep on train track as they agitating to demand reservation in ...

Prime Minister Narendra Modi greets to crowd as actress and BJP MP Hema Malini and other leaders ...

Prime Minister Narendra Modi greets to crowd as actress and BJP MP Hema Malini and other leaders ...

Mumbai India and CSK Cricketers with IPL Trophy during photo session ahead of their IPL 2015...

Mumbai India and CSK Cricketers with IPL Trophy during photo session ahead of their IPL 2015...

Organically grown fruits and vegetables at ‘Pilikula Vasanthothsava’ at Pilikula in Mangaluru...

Organically grown fruits and vegetables at ‘Pilikula Vasanthothsava’ at Pilikula in Mangaluru...

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