Choice India
Higher GDP growth was led by expansion in private consumption and agriculture sector growth. PFCE rose by 10.1% in Q3FY17 v/s 5.1% in Q2FY17 Agriculture sector output increased to a 11-quarter high at 6.0% v/s 3.8% in Q2FY17 and (-)2.2% in Q3FY16. Strong agriculture expansion offset the sluggishness in services sector growth which eased to 6.8% v/s 8.2% in Q2FY17 Higher growth in manufacturing and construction was surprising despite the demonetization. Mining sector output grew at 7.5% in Q3FY17 v/s -1.5% in Q2FY17, benefitted from reviving commodity prices....
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