Economy grows 8.2% in Q3 on good agri show

Indian economy expAnded 8.2% in the third quarter of the current financial year on the back of robust growth in agriculture and services sectors. The growth number was in line with expectations, but lower than 8.9% growth recorded in the previous two quarters, government data showed.

Farm output grew 8.9% over the year-ago period, boosted by strong monsoon rains, while the manufacturing sector experienced a slowdown at 5.6%. The decline in investments, which grew 5.99% in the quarter compared with 17.84% in the previous quarter, remained a concern.