<p>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.<br /><br /></p>.<p>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.."<br /><br />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.<br /><br />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.”</p>
<p>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.<br /><br /></p>.<p>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.."<br /><br />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.<br /><br />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.”</p>