Press Esc to close
Sunday 11 December 2016
News updated at 2:10 AM IST
Weather
Max: 30.3°C
Min : 16.2°C
In Bengaluru
clear sky

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
Indian sitar player and composer Anoushka Shankar performs at the live concert...

Indian sitar player and composer Anoushka Shankar performs at the live concert...

I-T department seized Rs 5.7 cr cash in new notes, 32kg bullion and jewelery and Rs 90 lakh...

I-T department seized Rs 5.7 cr cash in new notes, 32kg bullion and jewelery and Rs 90 lakh...

International Animal Rights Day and Human Rights Day in Bengaluru...

International Animal Rights Day and Human Rights Day in Bengaluru...

Laborers remove weeds from Dal Lake on a cold and foggy day in Srinagar...

Laborers remove weeds from Dal Lake on a cold and foggy day in Srinagar...

President Pranab Mukherjee with Tibetan spiritual leader, the Dalai Lama during the inaugural...

President Pranab Mukherjee with Tibetan spiritual leader, the Dalai Lama during the inaugural...

A view of the illuminated Ajmer Sharif Dargah decorated for the upcoming Jashne Eid E Milad...

A view of the illuminated Ajmer Sharif Dargah decorated for the upcoming Jashne Eid E Milad...

Former Indian football captain Baichung Bhutia in Lamborghini four wheeler during Air Strip...

Former Indian football captain Baichung Bhutia in Lamborghini four wheeler during Air Strip...

A sand sculpture created by renowned sand artist Sudarsan Pattnaik with message 'Good Luck...

A sand sculpture created by renowned sand artist Sudarsan Pattnaik with message 'Good Luck...

Bollywood Actor Shah Rukh Khan with director-producer Abbas-Mustan during the Muhurat for...

Bollywood Actor Shah Rukh Khan with director-producer Abbas-Mustan during the Muhurat for...

Migratory Siberian seagulls birds flying over the Ganges in Allahabad on Saturday...

Migratory Siberian seagulls birds flying over the Ganges in Allahabad on Saturday...

Like us on Facebook

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