Strong government-led capital expenditure and a pickup in consumption-oriented sectors, especially involving high-end consumption, are seen to have supported India’s growth in the July-September quarter even as growth is seen slowing from the four-quarter high rate of 7.8 percent in April-June. Economists have projected Gross Domestic Product (GDP) growth rate for July-September to be around 6.7-7.0 percent.
Services sector is seen contributing the maximum share to the overall growth in the second quarter, even as the sector along with agriculture may see a slight moderation.
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