New Delhi. The central government has released the GDP growth rate figures for the September quarter. India's growth rate has fallen to 5.4 percent in the second quarter of the current financial year. The GDP growth rate in the same quarter of the previous financial year was 8.1 percent. Whereas in the previous quarter, it was 6.7 percent. For your information, let us tell you that these figures are released by the National Statistics Office. However, the growth of the service sector has increased.

The services sector (such as trade, hotels, transportttThe construction,,t and broadcasting services) recorded a growth of 7.1% in the second quarter of FY 2024-25, higher than 6.0% in the same period of the previous fiscal. The construction sector has driven steel consumption in the country, registering a growth of 7.7% in the second quarter of FY 2024-25 and 9.1% in the first half.

Private consumption expenditure (PFCE) grew by 6.0% in the second quarter and 6.7% in the first half, improving from the low rates of the previous year (2.6% and 4.0%). Government consumption expenditure (GFCE) showed recovery with a growth of 4.4%, after recording minimal or negative growth in the previous three quarters.

How was the growth in which sector?
Manufacturing sector has grown at the rate of 2The manufacturinghere is a decline of 0.1 percent in mining. Agriculture and related sectors have grown by 3.5 percent. Construction sector has registered a growth of 7.7 percent. Service sector has grown at the rate of 7.1 perceThe servicethis, there has been a growth of 6 percent in trade, hotels, transport, communication, and broadcasting.