India's gross domestic product (GDP) grows at 5.3 percent during the third quarter of 2012, compared with the previous one, said Central Statistical Office (CSO) on Friday.
In the second quarter, the growth rate was 5.5 percent.
The 5.3 percent growth rate is accord with economists expected. Before CSO's announcement, economists mostly forecast a 5.3 percent growth.
According to CSO, the economic activities which registered significant growth in the third quarter of 2012 are the manufacturing sector of the economy grew at 0.8 percent,the mining sector grew at 1.9 percent, the agricultural sector grew at 1.2 percent,the industry sector grew at 2.8 percent, the services sector grew at 7.2 percent, and the construction sector grew at 6.7 percent.
Rahul Bajoria, the economist of Barclays Capital said, "there is some minor improvement in manufacturing sector but it is still scraping the surface while services sector still looks weak. The underlying momentum for growth is still weak in India. We expect GDP for December quarter to be around 5.5-6.0 percent."