India registered a 7.9 percent growth in its gross domestic product (GDP) for the last quarter of the financial year 2015-16, clocking a healthy increase from the 7.2 percent growth witnessed in the third quarter (Sep.-Dec. 2015).
The growth in agriculture, mining and quarry, and manufacturing sectors were 1.2 percent, 7.4 percent and 9.3 percent, respectively. Agriculture and mining industry, registering higher growth numbers than estimated earlier, were the key drivers of growth this quarter.
For the full year period, the country registered a growth rate of 7.6 percent, with its real GDP or GDP measured at constant prices (of 2011-12), estimated at Rs. 113.50 lakh crore from the Rs. 105.52 lakh crore it had clocked in 2014-15. The annual GDP growth rate witnessed in FY2015 was 7.2 percent.
Meanwhile, China's growth rate for the same quarter ending March 2016 stood at 6.7 percent.
