India's economy grew at a faster pace in the three months to June period, mainly led by the services sector, preliminary estimates from the National Statistical Office showed on Thursday. Gross domestic product grew 7.8 percent year-on-year in the April to June quarter, which was a tad faster than the 7.7 percent expansion economists had forecast. In the same quarter last year, growth was 13.1 percent.
The Indian economy had grown 6.1 percent in the March quarter. Among industrial sectors, finance, real estate and professional services industry logged the biggest growth of 12.2 percent. This was followed by 9.2 percent growth in trade, hotels, transport, media and communication sector. Manufacturing grew 4.7 percent and construction sector expanded 7.9 percent. The mining and quarrying industry grew 5.8 percent and the farm sector output increased 3.5 percent.
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