India 's economy grows by 8.2% in Q3

India's economy slowed in the third quarter of the current fiscal year from the previous two quarters, as output of Manufacturing and Construction fell sharply while Government spending too softened. The Gross Domestic Product (GDP) grew by 8.2% in the October-December quarter as compared to an expansion of 8.9% in the first and the second quarters. GDP had grown by 7.3% growth in the third quarter ended December 2009. The GDP growth during April-December 2010-11 stood at 8.6% compared to 7.4% in the corresponding period of the previous fiscal year. Manufacturing output grew by mere 5.6% in Q3 FY11 as against 9.8% in the second quarter and 11.4% in the same quarter a year earlier. Meanwhile, Agriculture, Forestry & Fishing output rose by 8.9% year-on-year in the final three months of 2010, faster than the 4.4% increase in the previous three months. Farm sector output had shrank by 1.6% in Q3 FY10. Construction output stood at 8% in Q3 FY11 as against 8.7% in Q2 FY11 and 8.3% in the year-ago period. Community, Social & Personal services output was at 4.8% in Q3 FY11 versus 7.4% in Q2 FY11 and 7.6% in Q3 FY10.